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Clearing Services for Global Markets

By Hasenpusch, Tina P.

Clearing Services for Global Markets Law

Clearing Services for Global Markets

0 - Default Title
Description
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.
Product details
Edition:
1
Number of Pages:
570
Release Date:
2009-10-26
Publication Date:
2011-10-18
Publisher:
Cambridge University Press
Languages:
Original: English
ISBN10:
0521518717
ISBN13:
9780521518710
GPSR Manufacturer Reference:
[email protected]
Weight:
1150 g
Height:
175 cm
Width:
250 cm
Thickness:
35 cm
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