Introduction to payments and financial market infrastructures:
Gespeichert in:
Hauptverfasser: | , |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cham
Springer
[2023]
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Schriftenreihe: | Springer Texts in Business and Economics
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | ix, 155 Seiten Illustrationen |
ISBN: | 9783031395192 |
ISSN: | 2192-4341 |
Internformat
MARC
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Datensatz im Suchindex
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Contents 1 Introduction. 1.1 Basic Principles and Definitions. 1.2 FMIs Policy Issues. 1.3 The Role of Central Banks for FMIs. 1.4 Payment and Settlement as Changes to Financial Accounts. 1.5 Financial Messages. 1.6 The Multi-Layer Structure of the Financial Money System. References. 1 1 4 6 7 9 12 15 2 Risks, Regulation and Oversight of FMIs. 2.1 Risks in Payments and FMIs. 2.2 Mitigating Risks. 2.3 Legal Certainty Issues. 2.4 Regulation, Supervision and Oversight of FMIs. 2.5 Principles for Financial Market Infrastructures. 2.6 Implementation of the PFMIs: The Example of the EU. References. 17 17 20 3 Retail Payments. 3.1
Payments and Means of Payments. 3.2 A Brief History of Payments. 3.3 Retail Payment Instruments, Schemes and Arrangements. 3.3.1 Payment Instruments. 3.3.2 Payment Schemes. References. 31 31 34 36 36 37 39 4 Payment Systems. 4.1 Introduction. 4.2 Real-Time Gross Settlement vs Deferred Net Settlement Systems. 4.2.1 RTGS Systems. 4.2.2 Deferred Net Settlement Systems. 4.3 Large Value Payment Systems vs Retail Payment Systems. 4.4 Layers in Payments and Financial Accounts Illustrations. 41 41 23 25 28 29 42 42 44 45 48 vii
viii 5 Contents 4.4.1 Single Settlement Layer Payments. 4.4.2 Double Settlement Layer Payments. 4.4.3 Triple Settlement Layer Payments. References. 49 51 56 57 Cross-Border Payments. 5.1 Introduction. 5.2 A Brief History of Cross-Border Payments and Their Universal Challenges. 5.3 Correspondent Banking. . 5.4 Correspondent Banking as a Solution for Domestic Payments?. 68 5.5 Cross-Border Payment Fintechs Present in Multiple Countries . 5.6 Global Stablecoins. 5.7 Interlinking Domestic Payment Platforms with a Competitive FX Conversion Layer. 75 5.8 How Will Cross Border Payments Progress Further?. References. ;. 59 59 60 61 70 73 79 80 83 83 84 87 Central Counterparties. 6.1 Introduction.
. 6.2 Key Activities of CCPs. 6.3 Risk Management Framework for CCPs. 6.4 Financial Account Illustration of Central Clearing Through CCPs. 90 6.5 Performance of CCPs in Times of Market Stress. References. 91 93 7 FX Operations and CLS. 7.1 Introduction. 7.2 Herstatt Risk and the Origins of CLS. 7.3 CLS Operational Framework. . 7.4 FX Trade: non-PvP Settlement Outside CLS. 7.5 FX Trade: PvP Settlement Through CLS. References. 97 97 98 99 101 102 106 8 Central Securities Depositories. 8.1 Introduction. 8.2 Key Activities of CSDs. 8.3 The CSD and ICSD Landscape. 8.4 Domestic Securities
Settlement. 8.4.1 Domestic Securities Settlement in Commercial Bank Money. 113 8.4.2 Non-DvP Securities Settlement in Central Bank Money. . 115 109 109 110 112 113 6
Contents ix Cross-Border Securities Custody: Example of Sanctions Against Russia. 116 8.6 TARGET2 Securities. 120 References. 123 8.5 Unbacked Crypto-Assets, Stablecoins and CBDC. 9.1 Introduction. 9.2 Unbacked Crypto-Assets. 9.2.1 Bitcoin. 9.2.2 Decentralised Finance, Ethereum and Business Applications of Blockchain and DLT. 130 9.2.3 The Crypto Winter of 2022. 9.3 Stablecoins. 9.3.1 Some Stablecoin Initiatives. 9.3.2 Policy Issues and Regulation of Stablecoins. 9.4 Central Bank Digital Currency. 9.4.1 Introduction. 9.4.2 Reasons for Issuing Retail CBDC and Opposition. 9.4.3 Flow of Funds of CBDC Creation and Transfers. 9.4.4 Issuing a CBDC: The Many Design Challenges in
Practice. 144 9.5Conclusion: TheFuture of Money and Payments. References. 125 125 127 127 Index. 153 9 132 134 134 135 138 138 139 142 149 150 |
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id | DE-604.BV049864239 |
illustrated | Illustrated |
indexdate | 2025-02-21T09:01:36Z |
institution | BVB |
isbn | 9783031395192 |
issn | 2192-4341 |
language | English |
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owner_facet | DE-N2 DE-355 DE-BY-UBR |
physical | ix, 155 Seiten Illustrationen |
publishDate | 2023 |
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series2 | Springer Texts in Business and Economics |
spelling | Bindseil, Ulrich 1969- Verfasser (DE-588)114189935 aut Introduction to payments and financial market infrastructures Ulrich Bindseil, George Pantelopoulos Cham Springer [2023] © 2023 ix, 155 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Springer Texts in Business and Economics Finance Financial services industry Capital market Accounting International economic relations Pantelopoulos, George Verfasser (DE-588)1300019123 aut Erscheint auch als Online-Ausgabe 978-3-031-39520-8 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=035203856&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Bindseil, Ulrich 1969- Pantelopoulos, George Introduction to payments and financial market infrastructures Finance Financial services industry Capital market Accounting International economic relations |
title | Introduction to payments and financial market infrastructures |
title_auth | Introduction to payments and financial market infrastructures |
title_exact_search | Introduction to payments and financial market infrastructures |
title_full | Introduction to payments and financial market infrastructures Ulrich Bindseil, George Pantelopoulos |
title_fullStr | Introduction to payments and financial market infrastructures Ulrich Bindseil, George Pantelopoulos |
title_full_unstemmed | Introduction to payments and financial market infrastructures Ulrich Bindseil, George Pantelopoulos |
title_short | Introduction to payments and financial market infrastructures |
title_sort | introduction to payments and financial market infrastructures |
topic | Finance Financial services industry Capital market Accounting International economic relations |
topic_facet | Finance Financial services industry Capital market Accounting International economic relations |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=035203856&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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