Clearing services for global markets a framework for the future development of the clearing industry
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...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2009
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| Schlagworte: | |
| Online-Zugang: | DE-12 DE-473 URL des Erstveröffentlichers |
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Inhaltsangabe:
- Setting the stage : definitions and industry setting
- Defining the core issues : efficiency and network strategies
- Collecting empirical insights : introduction to the empirical study
- Analysing costs of derivatives clearing : transaction cost studies
- Exploring theoretical basics : scale effects in clearing
- What theory reveals : framework for efficiency analysis of network strategies
- Checking theory against reality : case studies of network strategies