Clearing and Settlement e-bog
2190,77 DKK
(inkl. moms 2738,46 DKK)
The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book d...
E-bog
2190,77 DKK
Forlag
Bloomsbury Professional
Udgivet
12 februar 2021
Længde
688 sider
Genrer
Banking
Sprog
English
Format
pdf
Beskyttelse
LCP
ISBN
9781526514981
The post-trading industry is one in which financial firms make money and one in which risk issues need careful management. Reliable payment, clearing and settlement structures are perceived to be essential to enable financial firms to withstand shocks. A great deal of the cost of trading and cross-border investment is attributed to the very complex process of clearing and settlement.This book describes and explains:1. what happens in clearing and settlement, and the roles of (and risks assumed by) the various participants in the post-trade marketplace2. the law applicable to infrastructures, how they are are regulated, and the other topographical features of their legal landscape 3. the legal and practical aspects of risk management and operations of infrastructures4. the risks faced by participants in payment, clearing and settlement systems - the agent banks - along withpractical and operational issues which they face in their roles.Fully revised, updates for the 3rd edition include:- Implications and impact of Brexit- CPMI and IOSCO paper on central counterparty default (CCP) management auctions - cyber-security and the resilience of financial market infrastructures (FMIs) and the wider market ecosystem.This title is included in Bloomsbury Professional's Banking and Finance online service.