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- Settlement_risk abstract "Settlement risk is the risk that a counterparty does not deliver a security or its value in cash as per agreement when the security was traded after the other counterparty or counterparties have already delivered security or cash value as per the trade agreement.One form of settlement risk is foreign exchange settlement risk or cross-currency settlement risk, sometimes called Herstatt risk after the German bank that made a famous example of the risk. On 26th June 1974, the bank's license was withdrawn by German regulators at the end of the banking day (4:30pm local time) because of a lack of income and capital to cover liabilities that were due. But some banks had undertaken foreign exchange transactions with Herstatt and had already paid Deutsche Mark to the bank during the day, believing they would receive US dollars later the same day in the US from Herstatt's US nostro. But after 3:30 pm in Germany and 10:30 am in New York, Herstatt stopped all dollar payments to counterparties, leaving the counterparties unable to collect their payment. The closing of Drexel Burnham Lambert in 1990 did not cause similar problems because the Bank of England had set up a special scheme which ensured that payments were completed. Barings in 1995 resulted in minor losses for counterparties in the foreign exchange market because of a specific complexity in the ECU clearing system.".
- Settlement_risk wikiPageExternalLink 134710.htm.
- Settlement_risk wikiPageExternalLink cpss.
- Settlement_risk wikiPageExternalLink www.esma.europa.eu.
- Settlement_risk wikiPageExternalLink www.europeanpayment.com.
- Settlement_risk wikiPageID "1614537".
- Settlement_risk wikiPageRevisionID "603838827".
- Settlement_risk hasPhotoCollection Settlement_risk.
- Settlement_risk subject Category:Securities_(finance).
- Settlement_risk type Abstraction100002137.
- Settlement_risk type Attribute100024264.
- Settlement_risk type Condition113920835.
- Settlement_risk type Safety114538472.
- Settlement_risk type Securities.
- Settlement_risk type Security114539268.
- Settlement_risk type State100024720.
- Settlement_risk comment "Settlement risk is the risk that a counterparty does not deliver a security or its value in cash as per agreement when the security was traded after the other counterparty or counterparties have already delivered security or cash value as per the trade agreement.One form of settlement risk is foreign exchange settlement risk or cross-currency settlement risk, sometimes called Herstatt risk after the German bank that made a famous example of the risk.".
- Settlement_risk label "Settlement risk".
- Settlement_risk label "Settlementrisico".
- Settlement_risk label "Расчётный риск".
- Settlement_risk sameAs Settlementrisico.
- Settlement_risk sameAs m.05gs60.
- Settlement_risk sameAs Q2313625.
- Settlement_risk sameAs Q2313625.
- Settlement_risk sameAs Settlement_risk.
- Settlement_risk wasDerivedFrom Settlement_risk?oldid=603838827.
- Settlement_risk isPrimaryTopicOf Settlement_risk.