Gearing for growth future drivers of corporate productivity

... Limited 2011 Gearing for growth Future drivers of corporate productivity better performance is its strong productivity performance during the 2008-09 recession Whereas in most other countries productivity ... that productivity growth in the country will continue to outstrip that of the developed world © The Economist Intelligence Unit Limited 2011 Gearing for gr...

Ngày tải lên: 06/12/2015, 23:08

... sends the data to a specific device or machine that then copies the data to the various people that are subscribers to the data For example, a user send their data to a multicast address and the ... Characteristics for Rehabilitation The ability to use virtual technology for rehabilitation is a function of cost, availability, and the kind of application...

Ngày tải lên: 19/06/2014, 10:20

... enormous audience.’ MARK SPANBROEK Partner of a privately held electronic trading firm Clearing Services for Global Markets A Framework for the Future Development of the Clearing Industry Tina P Hasenpusch ... timely and well worth reading, given the many changes afoot in the areas of exchange regulation and clearing. ’ HARVEY L PITT Chief Executive Of c...

Ngày tải lên: 20/06/2014, 18:20

... efficient collateral Clearing Services for Global Markets management for the markets In practice, the approach of maintaining a level of competition in financial services may seem more likely, in the EU ... by the same trading system and then automatically forwarded for clearing AEVs or exchanges not perform any clearing services beyond confirming trades As...

Ngày tải lên: 20/06/2014, 18:20

... monitoring the clearing status of transactions and monitoring margins via a single interface At the same time, clearing houses update and replace their software and systems periodically, typically on a ... functional link set-up, the away clearing house can be granted privileges that are not available to the regular clearing member firms.131 In this case, the away clea...

Ngày tải lên: 20/06/2014, 18:20

... relevance of cost of capital was mainly based on the following arguments: r collateral-rich clearers have enough capital available; r clearing houses can serve as a cheap form of custody; and r clearing ... firms that offer individual traders access to trading platforms and clearing services Arcades offer traders a place where they can work together, rent a desk and trade...

Ngày tải lên: 20/06/2014, 18:20

... mainly affecting the indirect cost categories All of these factors are detailed in the following paragraphs Whereas the validation of the data on clearing house charges revealed that the above-mentioned ... vital As the analysis has shown, the organisation of derivatives clearing could serve as a role model for other parts of the European market infrastructure...

Ngày tải lên: 20/06/2014, 18:20

... marketplaces as a means to increase scale are the level of automation and the use of standard interfaces The higher the level of automation and the more common the use of standard interfaces, the ... variables are based on publicly available information, which can be found 226 Clearing Services for Global Markets The analysis supports that decreasing averag...

Ngày tải lên: 20/06/2014, 18:20

... smaller; they don’t have the capital of a Morgan Stanley or a Goldman Sachs, so the Asian clearing houses can play a role in representing the financial standing and credit standing of their smaller ... maintain appropriate clearing and settlement accounts and adequate back -of ce installations.48 8.1.2.1.2 The Clearing Corporation In 1925, The Clearing Corporation (...

Ngày tải lên: 20/06/2014, 18:20

... deployment of a European clearing intermediary.121 All it is is a cheaper way of offering GCM services, at the end of the day And the reason that the link doesn’t have more customers is because the ... provides a prime example of a clearing link that, due to its structure, has basically no appeal to globally active clearers The significantly 146 Cf interviews ...

Ngày tải lên: 20/06/2014, 18:20

... usually not have the leeway to benefit from and further leverage their installed base r Single CCP initiatives (as a particular form of M &A initiatives) have the drawback that the majority of ... two ways for clearing houses to create a workaround to identify usage patterns of the European clearing network: (i) they must either find a way of cooperating to provide...

Ngày tải lên: 20/06/2014, 18:20

... regulatory and political issues can create further uncertainty about the future 434 Clearing services for global markets development of a clearing link initiative and can thus potentially aggravate the ... identification of the most cost-efficient organisation of clearing service provision in the light of globalised capital markets, and the question of w...

Ngày tải lên: 20/06/2014, 18:20

... NO The Global Clearing Link, Phase I The Global Clearing Link, Phase II A clearing link between Eurex Clearing and CME The merger of LCH and Clearnet A merger of LCH.Clearnet and Eurex Clearing ... house charges, which are accounted for at a later stage of the calculation of total clearing house charges; refer to step 1.3) r Based on the publicly avai...

Ngày tải lên: 20/06/2014, 18:20

... 296 Also refer to Diamond (1984) for an analysis of delegated monitoring by a financial intermediary 46 Clearing Services for Global Markets of a financial market.170 The effectiveness of a CCP’s ... major financial markets, with direct access to each of the many clearing houses The globally active clearer can assume the role of a GCM or an ICM of the...

Ngày tải lên: 21/06/2014, 07:20

... monitoring the clearing status of transactions and monitoring margins via a single interface At the same time, clearing houses update and replace their software and systems periodically, typically on a ... functional link set-up, the away clearing house can be granted privileges that are not available to the regular clearing member firms.131 In this case, the away clea...

Ngày tải lên: 21/06/2014, 07:20