Blockchain-based new financial infrastructures : theory, practice and regulation / Qian Yao.
2022
QA76.9.B56
Linked e-resources
Linked Resource
Online Access
Concurrent users
Unlimited
Authorized users
Authorized users
Document Delivery Supplied
Can lend chapters, not whole ebooks
Details
Title
Blockchain-based new financial infrastructures : theory, practice and regulation / Qian Yao.
Author
Yao, Qian.
ISBN
9789811948435 (electronic bk.)
9811948437 (electronic bk.)
9811948429
9789811948428
9811948437 (electronic bk.)
9811948429
9789811948428
Published
Singapore : Springer, 2022.
Language
English
Description
1 online resource : illustrations (black and white, and color).
Other Standard Identifiers
10.1007/978-981-19-4843-5 doi
Call Number
QA76.9.B56
Dewey Decimal Classification
005.74
Summary
This book focuses on development of blockchain-based new-generation financial infrastructures, in which a systematic, complete theoretical framework is proposed to explore blockchain-based securities trading platform, central securities depository (CSD), securities settlement system (SSS), central counterparty (CCP), payment system (PS) and trade repository (TR). The blockchain-based new FMI has attracted much attention in the securities industry. At present, the cross-border depository receipt (DR) business faces a dilemma between efficiency and security. In this book, the author proposes a blockchain-based new DR solution, manifesting the potential for using blockchain technology in the FMI field. In addition, using Hashed Timelock Contract (HTLC) as the underlying technology in the DR scenario, specific process and operations are proposed for delivery versus payment (DvP), delivery versus delivery (DvD) or payment versus payment (PvP) and other exchange-of-value methods. This book further studies how to carry out opening positions, end-of-day settlement of margin, forced liquidation and settlement at maturity, for exchange-traded derivatives, such as futures and options, under the blockchain-based technological framework. Blockchain technology not only naturally fits into the decentralized or non-centralized characteristic of the OTC market but also can effectively address the pain points and difficulties of the OTC market. This book provides an in-depth analysis of existing specific issues in Chinas bond market, regional equity markets and asset management market, among other OTC markets, and proposes relevant blockchain-based solutions. Blockchain technology does not change the public policy objectives for FMI. The blockchain-based new FMIs are still subject to compliance, safety and efficiency requirements. This book provides a comprehensive assessment of the applicability of the Principles for Financial Market Infrastructures (PFMI) to them, in particular, analyzes their legal basis, off-chain governance and system security.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Available in Other Form
BLOCKCHAIN-BASED NEW FINANCIAL INFRASTRUCTURES.
Linked Resources
Online Access
Record Appears in
Online Resources > Ebooks
All Resources
All Resources
Table of Contents
Envisaged Framework and Key Considerations, Name
Blockchain-based Cross-border FMIs: In the Scenario of Depository Receipts
Blockchain-based Exchange-traded Derivatives FMIs: In the Scenarios of Futures and Options
Blockchain-based Over-the-Counter FMIs
Blockchain-based OTC Derivatives FMI.
Blockchain-based Cross-border FMIs: In the Scenario of Depository Receipts
Blockchain-based Exchange-traded Derivatives FMIs: In the Scenarios of Futures and Options
Blockchain-based Over-the-Counter FMIs
Blockchain-based OTC Derivatives FMI.