Cross-border Use of Collateral
Author | : European Central Bank |
Publisher | : |
Total Pages | : 9 |
Release | : 2001 |
Genre | : |
ISBN | : 9789291811465 |
Download Cross Border Use Of Collateral full books in PDF, epub, and Kindle. Read online free Cross Border Use Of Collateral ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : European Central Bank |
Publisher | : |
Total Pages | : 9 |
Release | : 2001 |
Genre | : |
ISBN | : 9789291811465 |
Author | : Mark J. Manning |
Publisher | : |
Total Pages | : 37 |
Release | : 2006 |
Genre | : |
ISBN | : |
Banks often rely on collateralised intraday liquidity from the central bank in order to be able to effect payments in a real-time gross settlement (RTGS) payment system. If a bank is holding insufficient eligible collateral in a particular country, and therefore cannot obtain credit from the local central bank, it may have to delay payments. This constitutes a liquidity risk to the system. Furthermore, a bank operating in multiple systems may face a mismatch between the location of its collateral holdings and liquidity needs. In this paper, we examine the extent to which the liquidity risk arising from such a mismatch may be mitigated by allowing cross-border use of collateral. We develop a two-country, two-bank model in which risk-neutral banks minimise expected costs with respect to their collateral choice in each country. In our baseline model, in which each bank faces a liquidity need in only one country, we find that liquidity risk is indeed reduced by cross-border use of collateral. This result holds despite the fact that banks may find it optimal to economise on their total holdings of collateral. However, when we extend the model to allow for the possibility that a bank faces liquidity needs in both countries simultaneously, the total quantum of collateral held is important. Indeed, when a bank finds it optimal to reduce its total holdings, there may be an increase in liquidity risk in at least one country when simultaneous liquidity demands are realised.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 114 |
Release | : 2022-09-01 |
Genre | : Business & Economics |
ISBN | : 9292697145 |
Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People’s Republic of China, Japan, and the Republic of Korea—known collectively as ASEAN+3.
Author | : Kathleen Tyson-Quah |
Publisher | : |
Total Pages | : 296 |
Release | : 1997 |
Genre | : Law |
ISBN | : |
This social security legislation publication provides clear guides for using and applying current legislation, up to the crucial benefit date in April. This volume focuses on legislation concerning non-means tested benefits, and includes the full text of the legislation together with commentary
Author | : Potok |
Publisher | : Bloomsbury Professional |
Total Pages | : 382 |
Release | : 2002-12-01 |
Genre | : Law |
ISBN | : 9781845925079 |
"Are you involved in the swap & derivatives, margin lending, repo or securities lending businesses? Do you take or provide indirectly held securities as collateral in cross border situations? If so, Cross Border Collateral: Legal Risk and the Conflict of Laws is the essential publication on this important, niche area of international law, helping you to understand how conflict of laws issues are resolved in 25 key jurisdictions."
Author | : Richard Potok |
Publisher | : Butterworth-Heinemann |
Total Pages | : 659 |
Release | : 2002-01-01 |
Genre | : Banks and bank, International |
ISBN | : 9780406929419 |
This is a multi-jurisdictional practitioner textbook on cross border collateral. It responds to the implementation of Article 9(2) of the EU Settlement Finality Directive and offers expert opinion and commentary and consists of chapters setting out hypothetical fact situations. The suceeding chapters then take each jurisdiction in turn and set out the implications of the fact situation, both pre- and post-implication of Article 9(2) of the Directive. The country-by-country analysis covers Austria, Belgium, the UK, France, Germany, Ireland, France, Italy, the Netherlands, Spain and Sweden. Also included are Australia, Canada and Switzerland.
Author | : |
Publisher | : |
Total Pages | : 49 |
Release | : 2006 |
Genre | : Banks and banking, Central |
ISBN | : 9789291977017 |
Author | : Harry C. Sigman |
Publisher | : Walter de Gruyter |
Total Pages | : 295 |
Release | : 2009-07-29 |
Genre | : Law |
ISBN | : 3866538596 |
Receivables transactions play an important role in modern national economies. This book, which studies the law of seven European nations, provides an in-depth examination of the key substantive law issues, as well as a detailed examination of the private international law issues, particularly, the third party effects of assignments. National reports use practical cases to explore the issues and to highlight differences and similarities. The book will assist market participants and their counsel to better understand the rules of their own countries and those of other countries, will be of great value to academics in the private, comparative and private international law fields and will assist those involved in national, EU and global reform efforts.