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Determination of collateral deposits by bilateral parties and clearinghouses.

Baer, Herbert L.; France, Virginia Grace; Moser, James T. - Federal Reserve Bank of Chicago - 1995

Persistent link: https://www.econbiz.de/10010724092

Reconsidering regulatory standards for clearing and settlement systems

Hanley, William J.; McCann, Karen; Moser, James T. - Federal Reserve Bank of Chicago - 1996

Persistent link: https://www.econbiz.de/10010724390

Spreads, information flows and transparency across trading systems

Kofman, Paul; Moser, James T. - Federal Reserve Bank of Chicago - 1995

Persistent link: https://www.econbiz.de/10005414694

Origins of the modern exchange clearinghouse: a history of early clearing and settlement methods at futures exchanges

Moser, James T. - Federal Reserve Bank of Chicago - 1994

Persistent link: https://www.econbiz.de/10005414710

Opportunity cost and prudentiality: an analysis of collateral decisions in bilateral and multilateral settings

Baer, Herbert L.; France, Virginia G.; Moser, James T. - Federal Reserve Bank of Chicago - 2001

This paper develops a model that explains how the creation of a futures clearinghouse allows traders to reduce default and economize on margin. We contrast the collateral necessary between bilateral partners with that required when multilateral netting occurs. Optimal margin levels balance the...

Persistent link: https://www.econbiz.de/10005420029