The payment system
Subtitle: payments, securities and derivatives, and the role of the eurosystem
By: editor, Tom Kokkola
Contributors: European Central Bank
Publisher: European Central Bank
Published: 2010
Place of publication: Frankfurt am Main
Language: eng
ISBN-13: 9789289906326; 9789289906333
Copyright date: 2010
Subjects: Finance; Payment; Clearing of securities; Securities industry; Derivative securities; Risk management; Central Banks and banking
Description: A comprehensive 370-page insight into the handling of financial transactions, the functioning of financial market infrastructure, and the role of the Eurosystem. Contents: Part I examines key concepts and processes in market infrastructure services of modern economies and underlying economic, business, legal, institutional and policy issues. Part II reviews the market infrastructure for the handling of financial transactions in euro and key legislation. Part III explains the roles and policies of the Eurosystem in this field, the legal basis and its cooperation arrangements.