Local Currency Collateral for Cross-Border Financial Transactions

Local Currency Collateral for Cross-Border Financial Transactions PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292697145
Category : Business & Economics
Languages : en
Pages : 114

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Book Description
Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People’s Republic of China, Japan, and the Republic of Korea—known collectively as ASEAN+3.

Local Currency Collateral for Cross-Border Financial Transactions

Local Currency Collateral for Cross-Border Financial Transactions PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292697145
Category : Business & Economics
Languages : en
Pages : 114

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Book Description
Active use of local currency-denominated bonds for cross-border collateral transactions could help the development of regional bond markets by mitigating risks, reducing the credit costs of financial institutions, and expanding market liquidity. This report identifies the challenges faced by regional collateral markets and proposes seven policy recommendations for promoting the cross-border use of local currency bonds as collateral in the Association of Southeast Asian Nations plus the People’s Republic of China, Japan, and the Republic of Korea—known collectively as ASEAN+3.

Central Bank Payment and Settlement Services with Respect to Cross-border and Multi-currency Transactions

Central Bank Payment and Settlement Services with Respect to Cross-border and Multi-currency Transactions PDF Author: Bank for International Settlements
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 62

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Book Description


Guidance Note For Developing Government Local Currency Bond Markets

Guidance Note For Developing Government Local Currency Bond Markets PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1513573926
Category : Business & Economics
Languages : en
Pages : 157

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Book Description
This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the Financial Sector Reform and Strengthening Initiative, (FIRST).The aim of the project was to deliver a report that provides emerging market and developing economies with guidance and a roadmap in developing their local currency bond markets (LCBMs). This note will also inform technical assistance missions in advising authorities on the formulation of policies to deepen LCBMs.

Correspondent Central Banking Model (CCBM)

Correspondent Central Banking Model (CCBM) PDF Author: European Central Bank
Publisher:
ISBN:
Category : Clearing of securities
Languages : en
Pages : 26

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Book Description


The Asian Bond Markets Initiative

The Asian Bond Markets Initiative PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292578448
Category : Business & Economics
Languages : en
Pages : 69

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Book Description
The Asian Bond Markets Initiative (ABMI) was launched in December 2002 by the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China, Japan, and the Republic of Korea---collectively known as ASEAN+3 to strengthen financial stability and reduce the region’s vulnerability to the sudden reversal of capital flows. This paper also provides recommendations for addressing new sources of market volatility and other challenges within and outside the framework of the Asian Bond Markets Initiative.

Cross-border Securities Settlements

Cross-border Securities Settlements PDF Author:
Publisher:
ISBN:
Category : Clearing of securities
Languages : en
Pages : 92

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Book Description


Cross-Border Financial Surveillance

Cross-Border Financial Surveillance PDF Author: Marco A Espinosa-Vega
Publisher: International Monetary Fund
ISBN: 1455200646
Category : Business & Economics
Languages : en
Pages : 29

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Book Description
Effective cross-border financial surveillance requires the monitoring of direct and indirect systemic linkages. This paper illustrates how network analysis could make a significant contribution in this regard by simulating different credit and funding shocks to the banking systems of a number of selected countries. After that, we show that the inclusion of risk transfers could modify the risk profile of entire financial systems, and thus an enriched simulation algorithm able to account for risk transfers is proposed. Finally, we discuss how some of the limitations of our simulations are a reflection of existing information and data gaps, and thus view these shortcomings as a call to improve the collection and analysis of data on cross-border financial exposures.

Delivery Versus Payment in Securities Settlement Systems

Delivery Versus Payment in Securities Settlement Systems PDF Author:
Publisher:
ISBN:
Category : Clearing of securities
Languages : en
Pages : 90

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Book Description


Collateral, Netting and Systemic Risk in the OTC Derivatives Market

Collateral, Netting and Systemic Risk in the OTC Derivatives Market PDF Author: Mr.Manmohan Singh
Publisher: International Monetary Fund
ISBN: 1451982763
Category : Business & Economics
Languages : en
Pages : 17

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Book Description
To mitigate systemic risk, some regulators have advocated the greater use of centralized counterparties (CCPs) to clear Over-The-Counter (OTC) derivatives trades. Regulators should be cognizant that large banks active in the OTC derivatives market do not hold collateral against all the positions in their trading book and the paper proves an estimate of this under-collateralization. Whatever collateral is held by banks is allowed to be rehypothecated (or re-used) to others. Since CCPs would require all positions to have collateral against them, off-loading a significant portion of OTC derivatives transactions to central counterparties (CCPs) would require large increases in posted collateral, possibly requiring large banks to raise more capital. These costs suggest that most large banks will be reluctant to offload their positions to CCPs, and the paper proposes an appropriate capital levy on remaining positions to encourage the transition.

The Interdependencies of Payment and Settlement Systems

The Interdependencies of Payment and Settlement Systems PDF Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 88

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Book Description