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Clearing Services for Global Markets: A Framework for the Future Development of the Clearing Industry

Tina P. Hasenpusch




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 | #2423936 in eBooks |  2009-09-24 |  2009-09-24 | File type: PDF

|| |"The book features three real-world case studies bringing clearing to life. It is a thorough and insightful exposition of clearing and a must-read for anyone interested in the subject matter." - Paul J. Brody, Chief Financial Officer of Interactive Brokers Gro

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 ...

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