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Reserve System payments analysts about the clearing and settlement functions that MasterCard performs for its client banks …. These functions involve the transfer of information pertaining to card-based transactions (clearing) and the exchange of …
Persistent link: https://www.econbiz.de/10013073592
This note discusses the basic economics of central clearing for derivatives and the need for a proper regulation …, supervision and resolution of central counterparty clearing houses (CCPs). New regulation in the U.S. and in Europe renders the …
Persistent link: https://www.econbiz.de/10011532033
of scale. From a European perspective, it should be noted that the clearing of euro-denominated OTC derivatives mainly …
Persistent link: https://www.econbiz.de/10012917882
of scale. From a European perspective, it should be noted that the clearing of euro-denominated OTC derivatives mainly …
Persistent link: https://www.econbiz.de/10011855560
The paper reports the outcome of the stress-testing of liquidity risk in the TARGET2 payment system, with the study having been conducted by an ad-hoc group composed of operators and overseers of TARGET2. The study aims to assess the resilience of the system, defined as the network of its...
Persistent link: https://www.econbiz.de/10012962520
Persistent link: https://www.econbiz.de/10012655002
On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.
Persistent link: https://www.econbiz.de/10011706117
This paper explores the properties of daily changes in the prices for near-term fed funds futures contracts. The paper finds these contracts to be excellent predictors of the fed funds rate, and shows that the claim of a nonzero term premium in the short-horizon contracts is more sensitive to...
Persistent link: https://www.econbiz.de/10003468359
This paper explores the properties of daily changes in the prices for near-term fed funds futures contracts. The paper finds these contracts to be excellent predictors of the fed funds rate, and shows that the claim of a nonzero term premium in the short-horizon contracts is more sensitive to...
Persistent link: https://www.econbiz.de/10012465542
Persistent link: https://www.econbiz.de/10011950060