September 2002
Intermediate to advanced
256 pages
6h 37m
English
Content preview from Clearing, Settlement and Custody
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Third-party settlement agent
ICMICM
Settlement
ClearingTrading
ICM self-settling
GCM as settlement agent
GCM
Third-party settlement agent
NCM1 as settlement agent
NCM2 as settlement agent
GCM
NCM1
NCM2
turn these differ sometimes considerably from jurisdiction to
jurisdiction and also from one product to another.
The introduction of many initiatives over the years has led to a more
streamlined process and yet one that is by no means uniform across
countries. These initiatives include those set out by the Group of 30,
an industry body made regarding issues surrounding the settlement
of securities in the late 1980s. The International Securities Services
Association ...
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