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Clearing and settlement demystified
Abstract: This article explains how clearing and settlement systems support a sound financial system. In particular, the article analyzes the role of CCPs (central counterparties) in managing risk in the securities and derivatives markets and some of the relevant public policy issues.
Keywords: Clearinghouses (Banking);
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Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Chicago Fed Letter
Publication Date: 2005
Issue: Jan
Order Number: 210-