LCH Clearnet also specializes in risk management operations, thereby following a world-class risk management framework that provides exceptional levels of protection to international markets, which is evident through the management of recent defaults. As demand for superior quality clearing services continues to rise, the company is committed to attaining the pinnacle standards of risk management across all asset classes cleared. London Stock Exchange Group, which is a diversified international exchange group based in London, England, is the majority owner of LCH Clearnet (LCH Clearnet 2013). Figure 1: LCH group organizational structure (Source: Federal Reserve 2011) European Multilateral Clearing Facility (EMCF) EMCF is a clearing house headquartered in Netherlands. Their line of operations includes equity trades that are done on multilateral trading facility throughout Europe or on designated stock exchange. The company was established after the Markets in Financial Instruments Directive (MiFID) regulations were passed by the European Union. This directive allowed competition of services provided by the clearing houses. EMCF played a significant role in bringing down the cost of clearing within Europe by competing directly with other established clearing houses, thereby forcing them to reduce prices. The company has been delivering the most translucent and expected pricing for CCP clearing services all over Europe (EMCF 2013a). Depository Trust & Clearing Corporation (DTCC) The Depository Trust & Clearing Corporation (DTCC) is a US post-trade financial services company that provides clearing and settlement services to their customers in the financial markets. The company provides a safe and efficient way for buyers and sellers of securities to conduct their exchange. In addition to that, they also provide central custody of securities. The primary function of the company is risk management and they have continued to do so since their inception about 40 years ago. The company is a combination of the Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). With 40 years of experience, DTCC, through its subsidiaries, is the premier post-trade market infrastructure for the global financial services industry (DTCC 2013a). Figure 2: DTCC organizational structure (Source: The official board 2013) SIX Swiss Exchange SIX Swiss Exchange, formerly known as the SWX Swiss exchange, headquartered in Zurich, is one of the two primary stock exchanges in Switzerland. The company also trades other securities such as, Swiss government debt instruments and derivative instruments such as, stock options. Swiss Market Index (SMI) is the main stock market index for the company. The index mainly constitutes of the 20 most noteworthy equity-securities, evaluated on the basis of the free float market capitalization. SIX Swiss Exchange was the first stock exchange in the world known to have implemented a fully automated trading, clearing and settlement system in the year 1995 (SIX 2013a). SIX Swiss Exchange is also the joint owner of Eurex, the largest futures and derivatives exchange in the world, alongside their German counter partners, Deutsche Borse (SIX 2013b). The exchange has a blue-chip index as its principal stock market index. The Swiss Market Index (SMI) comprises of a maximum of twenty of the largest and most liquid large and mid-cap SPI stocks. Figure 3: SIX Swiss organizational structure The executive committee includes: (Source: Nobel Biocare 2013) 2. ...
Cite this document
(“Study on the below clearing houses Assignment Example | Topics and Well Written Essays - 3500 words”, n.d.)
Retrieved from https://studentshare.net/marketing/115543-study-on-the-below-clearing-houses
(Study on the below Clearing Houses Assignment Example | Topics and Well Written Essays - 3500 Words)
“Study on the below Clearing Houses Assignment Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.net/marketing/115543-study-on-the-below-clearing-houses.
People use many types of wood to make their houses but there are several problems with the wooden frame. The chief problem among many is that the wood is sensitive to weather and weather can make wear and tear in the wood. So the type of wood should be chosen precisely.
Knowledge management is defined by Steven Mcshane as any structured activity which essentially bolsters an organization’s drive to attain, share and make use of the knowledge in a number of different ways, all of which
urnout and emotional exhaustion may exhibit feelings of fatalism, stating that events are out of their control or giving up leadership opportunities out of a sense of the decision having already been taken out of their hands. I think if I worked at Western Motels as it is in
Hidden Italy business via the e-commerce mode can also allow the firm to market their services online and also have the facility of transferring funds online (Rosen, 2000)
The benefits of e-commerce and
During the Gilded age, America “incorporated” in three related ways - urbanization, industrialization, and race.
One of the first ways America incorporated during the gilded age was the growth of urbanization.
The Supreme Court is like a referee for all the state decisions and the rules, which are proved and regulated under the observation of the Judges of the Supreme Court. These are some of the facts, which prove
Prince Sports has been benefiting from the development of the increased participation on tennis and has been focusing on meeting the needs of the tennis players at all levels.
Prince Sports being part of the larger tennis industry should
In other words, all communication tools are well integrated to deliver one standard, clear brand message. For example, McDonald’s uses its slogan ‘I’m Loving It’ in all its print advertisements, online ads and television
W.T. English, the rationale of the study takes a conflicting view of the White and Black supremacy (Brandt, 1978). Specifically, the racial aspect of the study understood from the Black study is not only an issue of Syphilis study but also an
1 Pages(250 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic Study on the below clearing houses for FREE!