Arbeitspapier
Interlinking securities settlement systems: A strategic commitment?
Central securities depositories (CSDs) have opened mutual links, but most of them are seldom used.Why are idle links established? By allowing a foreign CSD to offer services through the link the domestic CSD invites competition.The domestic CSD can determine the cost efficiency of the rival by charging suitable fees, and prevent it from becoming more competitive than the domestic CSD.By inviting the competitor the domestic CSD can commit itself not to charge monopoly fees for secondary market services.This enables the domestic CSD to charge high fees in the primary market without violating investors participation constraints.
- ISBN
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952-462-088-X
- Language
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Englisch
- Bibliographic citation
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Series: Bank of Finland Discussion Papers ; No. 26/2003
- Classification
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Wirtschaft
Financial Institutions and Services: Other
Oligopoly and Other Imperfect Markets
- Subject
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securities settlement systems
central securities depositories
network industries
access pricing
- Event
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Geistige Schöpfung
- (who)
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Kauko, Karlo
- Event
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Veröffentlichung
- (who)
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Bank of Finland
- (where)
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Helsinki
- (when)
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2003
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Kauko, Karlo
- Bank of Finland
Time of origin
- 2003
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Interlinking securities settlement systems : a strategic commitment?
Interlinking securities settlement systems: a strategic commitment?
Economies of scale and technological development in securities depository and settlement systems
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Restructuring securities systems processing: A blue print proposal for real-time/t+0 processing
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Strategic challenges for exchanges and securities settlement
Standard setting and competition in securities settlement
Links between securities settlement systems: An oligopoly theoretic approach
Simulating interbank payments and securities settlement mechanism with the BoF-PSS2 simulator
Performance of international securities markets
Interlinking securities settlement systems : a strategic commitment?
Interlinking securities settlement systems: a strategic commitment?
Economies of scale and technological development in securities depository and settlement systems
Securities market ATSs concepts, their roles and related policy issues
Liquidity, risks and speed in payment and settlement systems: a simulation approach
Restructuring securities systems processing: A blue print proposal for real-time/t+0 processing
Simulation studies of liquidity needs, risks and efficiency in payment networks: Proceedings from the Bank of Finland Payment and Settlement System Seminars 2005-2006
Strategic challenges for exchanges and securities settlement
Standard setting and competition in securities settlement
Links between securities settlement systems: An oligopoly theoretic approach
Simulating interbank payments and securities settlement mechanism with the BoF-PSS2 simulator
Performance of international securities markets
Interlinking securities settlement systems : a strategic commitment?
Interlinking securities settlement systems: a strategic commitment?
Economies of scale and technological development in securities depository and settlement systems
Securities market ATSs concepts, their roles and related policy issues
Liquidity, risks and speed in payment and settlement systems: a simulation approach
Restructuring securities systems processing: A blue print proposal for real-time/t+0 processing