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What kind of payments settle in a real time gross settlement system? : the case of Norges Bank’s settlement system (NBO)
Fevolden, Mats Bay; Smith, Lyndsie - In: The journal of financial market infrastructures 7 (2019) 3, pp. 1-20
Persistent link: https://www.econbiz.de/10012020390
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How much liquidity would a liquidity-saving mechanism save if a liquidity-saving mechanism could save liquidity? : a simulation approach for Canada's large-value payment system
Byck, Shaun; Heijmans, Ronald - In: The journal of financial market infrastructures 9 (2021) 3, pp. 1-28
Persistent link: https://www.econbiz.de/10013269943
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The future of cross-border wholesale payments : mobilising central bank money across borders
Wandhöfer, Ruth - In: Journal of payments strategy & systems 16 (2022/2023) 4, pp. 389-398
Persistent link: https://www.econbiz.de/10014267102
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A note on central counterparties in repo markets
Tomura, Hajime - 2012
The author introduces a central counterparty (CCP) into a model of a repo market. Without the CCP, there exist multiple equilibria in the model. In one of the equilibria, a repo market emerges as bond dealers and cash investors choose to arrange repos in an over-the-counter bond market. In...
Persistent link: https://www.econbiz.de/10009534068
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On the Future of Securities Settlement
Bech, Morten L. - 2020
as digital tokens. Such "tokenisation" of securities will alter post-trade clearing and settlement, and could improve … efficiency in some dimensions. But the fundamental trade-offs involving credit risk and liquidity remain in a tokenised world. To …
Persistent link: https://www.econbiz.de/10012838725
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Securities Clearing and Settlement in China : Markets, Infrastructures and Policy-Making
Hess, Patrick - 2014
China is taking a more active role on the world stage, even more so since its rapid and strong recovery from the global … securities trading, clearing and settlement in mainland China, and analyses the policy-making in this field. The paper finds that …, given the effectiveness of the policy process, Chinese clearing and settlement are likely to develop into the “modern …
Persistent link: https://www.econbiz.de/10013069669
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Credit risk and collateral demand in a retail payment system
Perez-Saiz, Hector; Xerri, Gabriel - 2016
The recent financial crisis has led to the development of new regulations to control risk in designated payment systems, and the implementation of new credit risk management standards is one of the key issues. In this paper, we study various credit risk management schemes for the Canadian retail...
Persistent link: https://www.econbiz.de/10011515921
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Ownership, incentives and regulation of CCP risks
Carter, Louise; Hancock, Jennifer; Manning, Mark - In: Analyzing the economics of financial market infrastructures, (pp. 272-303). 2016
Persistent link: https://www.econbiz.de/10011337468
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Canadian repo market ecology
Garriott, Corey; Gray, Kyle - 2016
This is the first of the Financial Markets Department's descriptions of Canadian financial industrial organization. The document discusses the organization of the repurchase-agreement (repo) market in Canada. We define the repo contract, the market infrastructures that support repo trading and...
Persistent link: https://www.econbiz.de/10011439877