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

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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.


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The law and regulation of central counterparties.
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ISBN: 9781849460514 1849460515 Year: 2010 Publisher: Oxford Hart


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Central Counterparties : Addressing their Too Important to Fail Nature
Authors: ---
ISBN: 1498392180 1498353983 Year: 2015 Publisher: Washington, D.C. : International Monetary Fund,

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Central counterparties (CCPs) can offer significant benefits to a market. However, CCPs are also highly interconnected with financial institutions and markets and therefore too important to fail. The increased volumes cleared through CCPs and their increasing global scope, in particular in the OTC derivatives market, make it even more important that systemic risks related to CCPs are managed. This paper argues that the current set of international policy measures does partly address these risks, but that alternative policy measures are needed to reduce remaining systemic risks. For example, the paper recommends network analysis to be conducted by CCPs and authorities to gauge potential losses and suggests a common international approach to central bank services to help reduce the dependency of CCPs on services provided by commercial banks.


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Reconstructing Europe's trade and payments : the european payments union
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ISBN: 071904183X 0719041848 9780719041846 Year: 1993 Volume: *1 Publisher: Manchester : Manchester university press,

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Keywords

AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 382.51 --- 334.153.0 --- 382.252 --- 382.30 --- Aard, belang en evolutie. Handelsbalans. J curve. --- Betrekkingen tussen de Europese Gemeenschappen en de geassocieerde of derde landen: algemeenheden. --- Compensatieakkoorden en betalingsakkoorden. Compensatie-instellingen. --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden. --- Exports --- -International clearing --- -Economic integration --- 337.142 --- Clearing, International --- Clearing agreements --- International finance --- International trade --- Finance --- -History --- History --- European Payments Union. --- European Payments Union --- Europäische Zahlungsunion --- Europeisk betalningsunion --- Europeiska betalningsunionen --- Europeiska unionen --- Europese betalingsunie --- EZU --- Unión Europea de Pagos --- Union européenne de paiements --- European Monetary Agreement (Organization) --- European Fund --- History. --- Europe --- Council of Europe countries --- Eastern Hemisphere --- Eurasia --- Commerce --- -History. --- 339.92 --- 339.732 --- Economische samenwerking en integratie. Tolunie --- Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- 339.732 Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339.732 Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339.92 Economische samenwerking en integratie. Tolunie --- International clearing --- Export --- Compensatieakkoorden en betalingsakkoorden. Compensatie-instellingen --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden --- Aard, belang en evolutie. Handelsbalans. J curve --- Betrekkingen tussen de Europese Gemeenschappen en de geassocieerde of derde landen: algemeenheden --- Exports - Europe - Finance - History --- International clearing - Europe - History --- Europe - Commerce - History

Trade and payments arrangements for states of the former USSR
Authors: ---
ISBN: 0821322605 Year: 1992 Publisher: Washington, D.C. World Bank

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Currency convertibility --- Foreign exchange --- International clearing --- 333.420.2 --- 382.252 --- 382.30 --- SU / Soviet Union - Ussr - Urss --- 339.54 --- 339.72 --- 339.74 --- Clearing, International --- Clearing agreements --- International finance --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- Currency crises --- Convertibility of currency --- 339.74 Monetaire buitenlandse politiek. Deviezenpolitiek--CIS --- Monetaire buitenlandse politiek. Deviezenpolitiek--CIS --- 339.72 Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt.--CIS --- Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt.--CIS --- 339.54 Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel--CIS --- Buitenlandse economische politiek. Buitenlandse handelspolitiek. Instrumentarium van de buitenlandse handel--CIS --- Inwisselbaarheid in vreemde valuta's --- Compensatieakkoorden en betalingsakkoorden. Compensatie-instellingen --- Handels- en wisselpolitiek in hun verband met de buitenlandse handel: algemeenheden --- Former Soviet republics --- CIS countries --- Commonwealth of Independent States countries --- Ex-Soviet republics --- Ex-Soviet states --- Former Soviet states --- New Independent States (Former Soviet republics) --- Newly Independent States (Former Soviet republics) --- NIS (Former Soviet republics) --- Commercial policy. --- Foreign trade policy --- Russia --- Soviet Union

The Payment System : Design, Management, and Supervision
Authors: ---
ISBN: 1557753865 9781455299133 1455299138 9781455212439 1455212431 9781557753861 1462323979 1283534541 9786613846990 Year: 1994 Publisher: Washington, D.C. : International Monetary Fund,

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This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.

Keywords

International finance --- 339.72 --- International clearing --- Electronic funds transfers --- -Clearinghouses (Banking) --- fmi --- banques --- systemes de paiement --- management --- technologie --- AA / International- internationaal --- 333.103 --- 333.101 --- 333.426 --- 333.154 --- 333.427 --- 333.432.8 --- 333.425 --- 333.731 --- 333.151 --- Payment systems --- 336.71 --- 336.711 --- 332.1028 --- ACH (Banking) --- Automated clearinghouses (Banking) --- Bank clearinghouses --- Bank clearings --- CHAMPS (Banking) --- Check clearinghouses --- CHIPS (Banking) --- Clearing banks --- Clearing House Automated Payments System --- Clearing House Interbank Payments System --- Clearinghouse --- Banks and banking --- Clearinghouses --- Clearing, International --- Clearing agreements --- 339.72 Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt. --- Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt. --- Digital cash --- Digital currency --- Digital money --- EFT (Electronic funds transfers) --- Electronic banking --- Electronic check clearing --- Electronic money systems --- Electronic payments systems --- Electronic transfer of funds --- Funds, Electronic transfers of --- Telebanking --- Transfers of funds, Electronic --- Virtual money --- Electronic data interchange --- Electronic benefits transfers --- Home banking services --- International cooperation --- imf --- banken --- betaalsystemen --- Bankautomatisatie. --- Banksysteem en bankstelsel. --- Chartaal geld. --- Elektronische geldtransfers. Clearing. Home banking. --- Giraal geld. --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. --- Metalen geld. --- Persoonlijk en reëel krediet. Bankkaarten. --- Verrekenkamers. --- bankwezen - banken --- nationale banken --- Clearinghouses (Banking) --- Compensation bancaire internationale --- Monnaie électronique --- Chambres de compensation --- Coopération internationale --- Banksysteem en bankstelsel --- Bankautomatisatie --- Verrekenkamers --- Elektronische geldtransfers. Clearing. Home banking --- Metalen geld --- Chartaal geld --- Giraal geld --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten --- Persoonlijk en reëel krediet. Bankkaarten --- Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt --- International cooperation. --- International clearing. --- Accounting --- Banks and Banking --- Finance: General --- Money and Monetary Policy --- Public Finance --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Financing Policy --- Financial Risk and Risk Management --- Capital and Ownership Structure --- Value of Firms --- Goodwill --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Banking --- Finance --- Monetary economics --- Financial services law & regulation --- Public finance accounting --- Public finance & taxation --- Monetary base --- Commercial banks --- Credit --- Financial markets --- Financial institutions --- Money --- Large value payment systems --- Money supply --- Financial risk management --- United States

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