, clearing, settlement and transfer of securities. In this article, we report the modeling, simulation and analysis of a new … and clearing of operations was used. The performance of the new SSS was evaluated by performing experiments using a … deterministic simulation model under different operation parameters, such as the number and monetary value of transactions, the time …

We consider financial networks where agents are linked to each other with financial contracts. A centralized clearing … lattice structure, leading to the existence of a least and a greatest clearing payment matrix. Previous research has shown how … decentralized clearing selects the least clearing payment matrix. We present a centralized approach towards clearing in order to …

A consistent framework for optimal liquidity management is presented. This framework optimizes the cost of covering …, and adverse market impact are the major drivers of cost. The notion of a deployable liquidity resource, which is … subsequently extend to the notion of a dated liquidity strategy, is introduced. A formalization of LCR as a typical regulatory …