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001482740 001__ 1482740
001482740 003__ OCoLC
001482740 005__ 20231128003349.0
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001482740 019__ $$a1406828659
001482740 020__ $$a9783031395208$$q(electronic bk.)
001482740 020__ $$a3031395204$$q(electronic bk.)
001482740 020__ $$z9783031395192
001482740 020__ $$z3031395190
001482740 0247_ $$a10.1007/978-3-031-39520-8$$2doi
001482740 035__ $$aSP(OCoLC)1406846627
001482740 040__ $$aGW5XE$$beng$$erda$$epn$$cGW5XE$$dYDX$$dEBLCP$$dOCLCO
001482740 049__ $$aISEA
001482740 050_4 $$aHG4523$$b.B56 2023
001482740 08204 $$a332.0415$$223/eng/20231031
001482740 1001_ $$aBindseil, Ulrich,$$d1969-$$eauthor.
001482740 24510 $$aIntroduction to payments and financial market infrastructures /$$cUlrich Bindseil, George Pantelopoulos.
001482740 264_1 $$aCham :$$bSpringer,$$c2023.
001482740 300__ $$a1 online resource (ix, 155 pages) :$$billustrations (some color).
001482740 336__ $$atext$$btxt$$2rdacontent
001482740 337__ $$acomputer$$bc$$2rdamedia
001482740 338__ $$aonline resource$$bcr$$2rdacarrier
001482740 4901_ $$aSpringer texts in business and economics,$$x2192-4341
001482740 504__ $$aIncludes bibliographical references and index.
001482740 5050_ $$aIntro -- Preface -- Contents -- 1: Introduction -- 1.1 Basic Principles and Definitions -- 1.2 FMIs Policy Issues -- 1.3 The Role of Central Banks for FMIs -- 1.4 Payment and Settlement as Changes to Financial Accounts -- 1.5 Financial Messages -- 1.6 The Multi-Layer Structure of the Financial Money System -- References -- 2: Risks, Regulation and Oversight of FMIs -- 2.1 Risks in Payments and FMIs -- 2.2 Mitigating Risks -- 2.3 Legal Certainty Issues -- 2.4 Regulation, Supervision and Oversight of FMIs -- 2.5 Principles for Financial Market Infrastructures
001482740 5058_ $$a2.6 Implementation of the PFMIs: The Example of the EU -- References -- 3: Retail Payments -- 3.1 Payments and Means of Payments -- 3.2 A Brief History of Payments -- 3.3 Retail Payment Instruments, Schemes and Arrangements -- 3.3.1 Payment Instruments -- 3.3.2 Payment Schemes -- References -- 4: Payment Systems -- 4.1 Introduction -- 4.2 Real-Time Gross Settlement vs Deferred Net Settlement Systems -- 4.2.1 RTGS Systems -- 4.2.2 Deferred Net Settlement Systems -- 4.3 Large Value Payment Systems vs Retail Payment Systems -- 4.4 Layers in Payments and Financial Accounts Illustrations
001482740 5058_ $$a4.4.1 Single Settlement Layer Payments -- 4.4.2 Double Settlement Layer Payments -- 4.4.3 Triple Settlement Layer Payments -- References -- 5: Cross-Border Payments -- 5.1 Introduction -- 5.2 A Brief History of Cross-Border Payments and Their Universal Challenges -- 5.3 Correspondent Banking -- 5.4 Correspondent Banking as a Solution for Domestic Payments? -- 5.5 Cross-Border Payment Fintechs Present in Multiple Countries -- 5.6 Global Stablecoins -- 5.7 Interlinking Domestic Payment Platforms with a Competitive FX Conversion Layer -- 5.8 How Will Cross Border Payments Progress Further?
001482740 5058_ $$a8.3 The CSD and ICSD Landscape -- 8.4 Domestic Securities Settlement -- 8.4.1 Domestic Securities Settlement in Commercial Bank Money -- 8.4.2 Non-DvP Securities Settlement in Central Bank Money -- 8.5 Cross-Border Securities Custody: Example of Sanctions Against Russia -- 8.6 TARGET2 Securities -- References -- 9: Unbacked Crypto-Assets, Stablecoins and CBDC -- 9.1 Introduction -- 9.2 Unbacked Crypto-Assets -- 9.2.1 Bitcoin -- 9.2.2 Decentralised Finance, Ethereum and Business Applications of Blockchain and DLT -- 9.2.3 The Crypto Winter of 2022 -- 9.3 Stablecoins
001482740 506__ $$aAccess limited to authorized users.
001482740 520__ $$aPayments and financial market infrastructures are vital components of modern economies, yet they have often been overlooked by economists. However, any economic exchange, including financial market transactions, is matched by a payment leg, and the safety, efficiency, and immediacy of the payment, and the problem of linking the two legs of the transaction ("delivery-vs-payment"), remain universal challenges. The consequences of inefficiencies or interruptions in payment and settlement systems have immediate and significant impacts on the real economy. Moreover, payments and financial market infrastructures are also a matter of strategic importance for nation-states, and being excessively dependent on foreign providers has been proven to be a significant risk, as they can be "weaponized." This book provides a concise yet thorough introduction to payments and financial market infrastructures, exploring various types of risks, retail payments, payment systems, cross-border payments, central counterparties, FX operations, and central securities depositories. The final chapter investigates payment innovations, including unbacked crypto-assets (e.g. Bitcoin), stablecoins, and central bank digital currencies. The text outlines key activities and risk management frameworks, as well as examining the operational mechanics of different payment systems. The book emphasizes the importance of understanding the nature of transfer of financial claims and liabilities through the process of payment and settlement, providing financial account representations of payments wherever useful. The book concludes that the payment and financial market infrastructure space has been shaken by recent innovations, which are expected to lead to seismic shifts in payment technology, practices, and market structures.
001482740 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed October 31, 2023).
001482740 650_6 $$aMarché financier.
001482740 650_6 $$aPaiement.
001482740 650_0 $$aCapital market.$$xLaw and legislation$$zUnited States$$0(DLC)sh2009118328
001482740 650_0 $$aPayment.
001482740 655_0 $$aElectronic books.
001482740 7001_ $$aPantelopoulos, George,$$eauthor.
001482740 77608 $$iPrint version: $$z3031395190$$z9783031395192$$w(OCoLC)1387008926
001482740 830_0 $$aSpringer texts in business and economics,$$x2192-4341
001482740 852__ $$bebk
001482740 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-031-39520-8$$zOnline Access$$91397441.1
001482740 909CO $$ooai:library.usi.edu:1482740$$pGLOBAL_SET
001482740 980__ $$aBIB
001482740 980__ $$aEBOOK
001482740 982__ $$aEbook
001482740 983__ $$aOnline
001482740 994__ $$a92$$bISE