Herstatt risk: Difference between revisions
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imported>Doug Williamson (Made definition explicit, rather than just a See also.) |
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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 ]] | ||
* [[Foreign exchange settlement risk]] | * [[Foreign exchange settlement risk]] | ||
Revision as of 12:36, 17 August 2013
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.
