Journal Article
Behind the money market: clearing and settling money market instruments
Abstract: When a money market instrument is traded, the clearing and settlement process establishes the change in ownership. Because the process involves both costs and risks, money market participants have developed means of making clearing and settlement more efficient and less risky.
Keywords: Money market; Payment systems;
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Economic Review
Publication Date: 1992
Volume: 78
Issue: Sep
Pages: 3-11