Transcription of CROSS-BORDER SECURITIES SETTLEMENTS
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CROSS-BORDER SECURITIES SETTLEMENTS
BANK FOR INTERNATIONAL SETTLEMENTSCROSS- border SECURITIES SETTLEMENTSR eport prepared by the Committee on Payment and settlement Systemsof the central banks of the Group of Ten countriesBasleMarch 1995 BANK FOR INTERNATIONAL SETTLEMENTSCROSS- border SECURITIES SETTLEMENTSR eport prepared by the Committee on Payment and settlement Systemsof the central banks of the Group of Ten countriesBasleMarch 1995 Bank for International SETTLEMENTS 1995. All rights reserved. Brief excerpts may be reproduced ortranslated provided the source is 92-9131-117-0 Published also in French, German and ItalianTable of contentsPagePrefaceMembers of the Study Group on CROSS-BORDER SECURITIES Background .. Preliminary issues: definitions and data .. Alternative channels for effecting SETTLEMENTS .. Risks in CROSS-BORDER SETTLEMENTS .. Implications for central bank policy objectives.
Members of the Study Group on Cross-Border Securities Settlements Chairman Mr. Patrick Parkinson, Board of Governors of the Federal Reserve System
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