Herstatt risk: Difference between revisions
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imported>Doug Williamson (Made definition explicit, rather than just a See also.) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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* [[Continuous linked settlement ]] | * [[Continuous linked settlement ]] | ||
* [[Foreign exchange settlement risk]] | * [[Foreign exchange settlement risk]] | ||
* [[Payments and payment systems]] | |||
Revision as of 11:21, 29 November 2014
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.
