Herstatt risk: Difference between revisions

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== See also ==
== See also ==
* [[Continuous linked settlement ]]
* [[Continuous linked settlement ]] (CLS)
* [[Foreign exchange settlement risk]]
* [[Foreign exchange settlement risk]]
* [[Payments and payment systems]]
* [[Payments and payment systems]]


== External Link ==


* 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).
== 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).''