Download now Free registration required
Thanks to the efficiency of our global financial infrastructure, clearing services are these days viewed as a commodity business. In other words, all treasurers expect flawless settlement of high value, cross-border treasury and commercial payment instructions every time, by all their financial institutions. Deep and continuing investment by the banking industry in Swift, the interbank messaging network, in the national high value clearing systems in the different countries, and in upcoming settlement mechanisms such as Continuous Linked Settlement (CLS), have ensured these necessary levels of timeliness and reliability. As a result, the focus of attention has lately moved away from the technical aspects of settlement to considerations of liquidity and operational risk management.
- Format: HTML
- Size: 0 KB