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| ''Continuous linked settlement''
| | Alternative spelling of Homogeneous. |
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| Foreign exchange settlement risk caused by delays arising from time-zone differences.
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| 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.
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| == See also == | | == See also == |
| * [[Continuous linked settlement ]] (CLS) | | * [[Homogeneous]] |
| * [[Foreign exchange settlement risk]]
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| * [[Payments and payment systems]]
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| == '''Other links''' ==
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| * A comprehensive historical account of the Herstatt crisis by Emmanuel Mourlon-Druol is available here[http://tiny.cc/8ct73x].
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| ''‘Trust is good, control is better': The 1974 Herstatt Bank Crisis and its Implications for International Regulatory Reform, Emmanuel Mourlon-Druol,
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| ''Business History, Vol. 57, Iss. 2, 2015, ISSN 0007-6791 (Print), 1743-7938 (Online).''''
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| [[Category:Financial_risk_management]] | | [[Category:The_business_context]] |
Latest revision as of 15:30, 1 July 2022
Alternative spelling of Homogeneous.
See also
