Herstatt risk: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson (Layout.) |
||
| (8 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
Continuous linked settlement. | ''Continuous linked settlement'' | ||
Foreign exchange settlement risk caused by delays arising from time-zone differences. | |||
Named after Herstatt Bank, which went into compulsory liquidation in 1974, having received funds but not paid out under a number of significant intra-day cross-border transactions. | |||
== See also == | == See also == | ||
* [[Continuous linked settlement ]] | * [[Continuous linked settlement ]] (CLS) | ||
* [[Foreign exchange settlement risk]] | * [[Foreign exchange settlement risk]] | ||
* [[Payments and payment systems]] | |||
== Other links == | |||
* A comprehensive historical account of the Herstatt crisis by Emmanuel Mourlon-Druol is available here[http://tiny.cc/8ct73x]. | |||
''‘Trust is good, control is better': The 1974 Herstatt Bank Crisis and its Implications for International Regulatory Reform, Emmanuel Mourlon-Druol, | |||
''Business History, Vol. 57, Iss. 2, 2015, ISSN 0007-6791 (Print), 1743-7938 (Online).'''' | |||
[[Category:Financial_risk_management]] | |||
Latest revision as of 19:37, 26 June 2022
Continuous linked settlement
Foreign exchange settlement risk caused by delays arising from time-zone differences.
Named after Herstatt Bank, which went into compulsory liquidation in 1974, having received funds but not paid out under a number of significant intra-day cross-border transactions.
See also
Other links
- A comprehensive historical account of the Herstatt crisis by Emmanuel Mourlon-Druol is available here[1].
‘Trust is good, control is better': The 1974 Herstatt Bank Crisis and its Implications for International Regulatory Reform, Emmanuel Mourlon-Druol,
Business History, Vol. 57, Iss. 2, 2015, ISSN 0007-6791 (Print), 1743-7938 (Online).''
