create a package for the global application context

... effective mechanism for advancing global health Endorsed May 2011 About GANES The Global Alliance for Leadership in Nursing Education and Science (GANES) serves as the international voice on the contribution ... Nurses and midwives represent around 50% of Australia’s health workforce, though the availability of clinicians varies greatly in urban and remote areas New Zealand has a total nursing workforce ... also demonstrate that enrollments in graduate programs need to continue to increase to offset anticipated faculty shortages Australia & New Zealand In Australia and New Zealand, there are three...

Ngày tải lên: 14/03/2014, 21:20

... Association, Hilton Hawaiian Village, Honolulu, Hawaii, Mar 05, 2005 This paper argues for a reformulation of global health pedagogy in International Affairs, with an emphasis on moving from the current ... of the Southern Finger Lakes in Ithaca New York and the Namibian Planned Parenthood Association (NAPPA) in Windhoek, Namibia have joined together to share best practices, technical assistance, ... research to the health problems of low and middle income countries Following the creation of the Coalition for Global Health Research Canada (CGHRC) in 2001, the Canadian Society for International...

Ngày tải lên: 22/03/2014, 15:21

... that clearing is a topic that has always been regarded as sort of an operational thing The exchanges’ matching engines have had the glamour But I think in the long run the value added of clearing ... Clearing Services for Global Markets the top of the financial agenda.18 An efficient post-trade industry is considered a prerequisite for advancing the integrative process as well as for reaping the ... effects The Global Clearing Link’s net demand-side scale effects The Global Clearing Link’s Scale Impact Matrix Transaction Cost Impact Matrix for regionally active clearing members Transaction...

Ngày tải lên: 20/06/2014, 18:20

... importantly, collateral management ensures that margin requirements are covered by available collateral If there is a collateral shortfall, a collateral call is generated If there is collateral ... novation, netting and risk management, as well as transaction/position management, collateral management and cash management The scope of netting and risk management services that a CCP can offer ... risk.86 Variation margin is a payment made when the market price of a transaction has changed.87 It is therefore a risk management tool to cover the latest exposure Variation margin is called for...

Ngày tải lên: 20/06/2014, 18:20

... on analysing the impact that certain integration and harmonisation initiatives between clearing houses can have on the transaction costs of clearing These integration and harmonisation initiatives ... compliance with a clearing house’s risk management requirements can be regarded as an offset for the risk assumed by the CCP for the clearing members and for the savings in risk management gained ... upgrades or other changes and infrastructure adaptations Dealing with a CCP also entails costs for the banking intermediaries Clearing houses usually demand that all clearing members hold dedicated...

Ngày tải lên: 20/06/2014, 18:20

... 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 houses pay ... that are collateral rich and those that are collateral poor.34 The collateral poor tend to be the large trading houses, such as arcades,35 with a high proportion of day trading and low capital ... illustrate, for example, the number of respondents supporting or opposing a particular concept or idea These quantitative overviews establish the basis for a further qualitative data analysis and...

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 As outlined above, to evaluate the ... understanding the respective value provision of their clearer It is therefore doubtful whether they can accurately assess the adequacy of intermediary charges The remaining four NCMs had a good and...

Ngày tải lên: 20/06/2014, 18:20

... depreciation The variables are based on publicly available information, which can be found 226 Clearing Services for Global Markets The analysis supports that decreasing average costs are related to an ... studies, a relying on a broader sample of data available for their focus area Book (2001) on the other hand copes with the problems related to the limited availability of data for his research by ... collateral management and information effects can positively impact the liquidity and allocation of risk and capital – thus increasing the efficiency of capital markets.62 Additionally, the information...

Ngày tải lên: 20/06/2014, 18:20

... particular can thus benefit from direct access to the away market: Many of the Asian brokerage firms tend to be smaller; they don’t have the capital of a Morgan Stanley or a Goldman Sachs, so the Asian ... intermediaries in the market are covering the liabilities they have, then they will have to manage them more actively, banks themselves will have to manage them more actively That means that yesterday Refer ... savings for globally active clearers is taken down another notch if an additional fee is charged for the utilisation of the link Regionallyto-globally active clearers will benchmark the link fee charged...

Ngày tải lên: 20/06/2014, 18:20

... a global presence that enables them to clear internally all of the most important marketplaces worldwide The global clearers already had the efficiencies in-house, within their global organisation, ... between the London Clearing House Ltd (LCH) and the Paris-based clearing house Clearnet SA This network initiative provides valuable material for a case study analysis for various reasons The transaction ... provide value-added As outlined in Chapter 7, clearing links usually afford regionally-to-globally active clearers the opportunity to disintermediate their clearing intermediaries for the away market(s)...

Ngày tải lên: 20/06/2014, 18:20

... partners 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 ... conceivable way, but if managers look at usage in the aggregate, they will see patterns emerge And that’s important because for each major usage pattern that managers identify in their network, they ... 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 a consolidated data analysis;...

Ngày tải lên: 20/06/2014, 18:20

... uncertainty about the future 434 Clearing services for global markets development of a clearing link initiative and can thus potentially aggravate the starting problem Meanwhile, the mergers and acquisition ... truly passed on to NCMs and other customers The extensive qualitative data obtained from the interviews served as vital input and formed the basis for the cost analyses and case studies Nonetheless, ... respondent information Confidentiality and anonymity Please be aware that you must not be worried about the confidentiality of the information you provide, as all information will be made anonymous and...

Ngày tải lên: 20/06/2014, 18:20

... structures for the benchmark clearing members and the remaining 213 European clearers, as classified in Appendix This assumption was due to a lack of data that would have allowed for an accurate assessment ... 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 available information on the number of cleared contracts in the ... Eurex and CCorp? r Has the GCL created any value-added? r How has Phase I impacted your clearing-related transaction costs to date? r How you estimate the (potential) impact of the Global Clearing...

Ngày tải lên: 20/06/2014, 18:20

... regulators are also taking careful note of the risks that clearing houses have to manage For similar reasons, other financial market policymakers have convened to establish appropriate standards for ... to the national infrastructures is free to so as long as it meets the standards set by the SEC In addition, any organisation can apply for approval and registration as a clearing agency’.266 Although ... counterparty clearing creates value-added not only for individual market participants, but for capital markets as a whole ‘Central Counterparties are among the crucial building blocks of any well-organised...

Ngày tải lên: 21/06/2014, 07:20

... on analysing the impact that certain integration and harmonisation initiatives between clearing houses can have on the transaction costs of clearing These integration and harmonisation initiatives ... compliance with a clearing house’s risk management requirements can be regarded as an offset for the risk assumed by the CCP for the clearing members and for the savings in risk management gained ... upgrades or other changes and infrastructure adaptations Dealing with a CCP also entails costs for the banking intermediaries Clearing houses usually demand that all clearing members hold dedicated...

Ngày tải lên: 21/06/2014, 07:20

... 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 houses pay ... that are collateral rich and those that are collateral poor.34 The collateral poor tend to be the large trading houses, such as arcades,35 with a high proportion of day trading and low capital ... illustrate, for example, the number of respondents supporting or opposing a particular concept or idea These quantitative overviews establish the basis for a further qualitative data analysis and...

Ngày tải lên: 21/06/2014, 07:20

... depreciation The variables are based on publicly available information, which can be found 226 Clearing Services for Global Markets The analysis supports that decreasing average costs are related to an ... studies, a relying on a broader sample of data available for their focus area Book (2001) on the other hand copes with the problems related to the limited availability of data for his research by ... collateral management and information effects can positively impact the liquidity and allocation of risk and capital – thus increasing the efficiency of capital markets.62 Additionally, the information...

Ngày tải lên: 21/06/2014, 07:20

... available for clearing is therefore also erratic The capacity of the clearing house infrastructure has to be configured to accommodate the greatest expected trading volume available for clearing ... Transaction Cost Impact Matrix for globally active clearing members Globally active clearers are defined as being active in all major markets, with direct access to each of the many CCPs The globally ... integration, the more leeway exists for the partnering clearing houses to establish a lead via their installed base, and the greater the associated starting problem The Single CCP and M &A network...

Ngày tải lên: 21/06/2014, 07:20

... particular can thus benefit from direct access to the away market: Many of the Asian brokerage firms tend to be smaller; they don’t have the capital of a Morgan Stanley or a Goldman Sachs, so the Asian ... intermediaries in the market are covering the liabilities they have, then they will have to manage them more actively, banks themselves will have to manage them more actively That means that yesterday Refer ... savings for globally active clearers is taken down another notch if an additional fee is charged for the utilisation of the link Regionallyto-globally active clearers will benchmark the link fee charged...

Ngày tải lên: 21/06/2014, 07:20

... a global presence that enables them to clear internally all of the most important marketplaces worldwide The global clearers already had the efficiencies in-house, within their global organisation, ... between the London Clearing House Ltd (LCH) and the Paris-based clearing house Clearnet SA This network initiative provides valuable material for a case study analysis for various reasons The transaction ... provide value-added As outlined in Chapter 7, clearing links usually afford regionally-to-globally active clearers the opportunity to disintermediate their clearing intermediaries for the away market(s)...

Ngày tải lên: 21/06/2014, 07:20