Reducing foreign exchange settlement risk: a progress report
Bank for International Settlements, 1998 - Business & Economics - 46 pages
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ACTION BY INDIVIDUAL BANKS
ACTION BY INDUSTRY GROUPS
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Allsopp Report appropriate average cancellation deadlines bank-wide or individual bank’s Basle Committee Belgian francs calendar day method Canadian dollar CFDs CLS Bank CLSS continuous linked settlement contracts for difference correspondent bank CPSS credit exposures currency concemed currency pair day’s deadlines and receipt-identiﬁcation deﬁned developments entity have arrangements exchange settlement risk exposure durations failed receipts Fedwire FEYCS foreign exchange settlement FX counterparties FX settlement exposures FX settlement risk FX trading G-10 central banks G-10 countries identiﬁcation improvement individual banks individual trading centres industry groups intemal Italian lira Measure Error Measure multicurrency services multilateral netting Multinet number of counterparties Number of hours obligation netting ofﬁce opening hours payment instructions payment system private sector progress reduce reference durations relevant reporting entity risk management RTGS system senior level responsibility settle trades settlement ﬂows settlement system signiﬁcant speciﬁc Steering Group strategy supervisory surveyed banks Table underestimation weighted average