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Book
The payment system : payments, securities and derivatives, and the role of the eurosystem.
Authors: ---
ISBN: 9789289906326 9789289906333 Year: 2010 Publisher: Frankfurt am Main ECB


Book
Payment systems in the European Union.
Author:
ISBN: 9291660000 9789291660001 Year: 1996 Publisher: Frankfurt am Main European Monetary Institute


Book
Clearing services for global markets : a framework for the future development of the clearing industry
Author:
ISBN: 9781107404472 9780521518710 0521518717 9780511635557 9780511635106 0511635109 0511635559 1107207037 0511699670 1107404479 1282336746 9786612336744 0511632959 0511634668 051163174X 0511634153 Year: 2009 Publisher: Cambridge : Cambridge University Press,

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Abstract

Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry.


Book
Betaalmiddelen in België : zicht op je rekening
Authors: ---
ISBN: 9789038219462 Year: 2012 Publisher: Gent Academia Press


Book
The law and regulation of payment services : a comparative study
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ISBN: 9789041138187 Year: 2012 Publisher: Alphen aan den Rijn Kluwer law international


Book
The risk controllers : central counterparty clearing in globalised financial markets
Author:
ISBN: 9780470686324 0470686324 9781119976554 9781119977940 9781119977957 1119977940 1119205913 9786613204523 1283204525 1119976553 Year: 2011 Publisher: Chichester, West Sussex : Wiley,

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Abstract

Clearing houses, or CCPs, were among the very few organisations to emerge from the global financial crisis with their standing enhanced. In the chaotic aftermath of the bankruptcy of Lehman Brothers, they successfully completed trades worth trillions of dollars in a multitude of financial instruments across listed and over-the-counter markets, and so helped avert financial Armageddon. That success transformed the business of clearing. Governments and regulators around the world gave CCPs and the clearing services they provide a front-line role in protecting the global economy from future exc

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