Abstract
We move on now to clearing and settlement. Clearing, Settlement and Custody activity focuses on the clearing, settlement and custody functions by analysing how they work and the interaction between the organisations involved. There is an interdependency in the roles of clearing houses, central counterparties, central securities depositories and the custodians, as well as, assessing the impact on the workflow and procedures in the operations function at banks, brokers and institutions.
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© 2008 Ross K. McGill and Naren J. Patel
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McGill, R., Patel, N. (2008). Clearing & Settlement. In: Global Custody and Clearing Services. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230592445_4
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DOI: https://doi.org/10.1057/9780230592445_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-28288-3
Online ISBN: 978-0-230-59244-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)