{"product_id":"hasenpusch-p-tina-clearing-services-for-global-markets-9780521518710","title":"Clearing Services for Global Markets","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.","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":53683888456022,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9780521518710_1_2d1446ea-886c-480b-9a63-f40caa34f9ba.jpg?v=1781744905","url":"https:\/\/www.momoxbooks.com\/products\/hasenpusch-p-tina-clearing-services-for-global-markets-9780521518710","provider":"momoxbooks","version":"1.0","type":"link"}