[Download free pdf] Settlement Finality in the EUropean Union: The EU directive and its implementation in selected jurisdictions. (Law of Business and Finance Set)
• M. Vereecken, A. Nijenhuis •
| #10493835 in Books | 2005-09-29 | Original language:English | PDF # 1 | 1.16 x6.46 x9.80l,1.68 | File Name: 9041124012 | 384 pages
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Since the 1990 Lamfalussy Report, which highlighted the risk involved in payment and securities settlement systems, a much clearer understanding of the relevant risks has developed among the international banking community resulting, inter alia, in the recognition of the need for a cross-border legal framework which ensures the finality of the settlement and reinforces the netting and collateral arrangements which are implemented by most (cross-border) payment and...
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