Knowledge

Financial market infrastructure

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20: 514: 208:, are not always considered financial market infrastructures where they are subject to competition, but are included in the definition of financial market infrastructures in certain jurisdictions such as 58:. Depending on context, financial market infrastructure may refer to the category in general, or to individual companies or entities (thus also used in plural: financial market infrastructures). 295:
and thus heavily regulated and supervised. At the global level, the applicable standards are the Principles for Financial Market Infrastructures (PFMI) jointly issued by the
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Some financial infrastructures have a global reach, such as financial messaging service
249: 245: 47: 35: 217: 128:(NSCC) in the United States as well as a global derivatives trade repository service 288: 197: 145: 83: 521: 193: 155: 67: 564: 212:. Many exchanges are subsidiaries of financial infrastructure groups such as 326:, a designation for systemic financial infrastructures in the United States 256: 241: 141: 19: 490: 209: 102: 375: 213: 98: 94: 24: 275:
in the U.S. Other central bank-operated infrastructures include the
221: 455:"Financial market infrastructures and foreign market participants" 358:"Supervision & Oversight of Financial Market Infrastructures" 272: 159: 43: 108:
Other major commercial financial infrastructure firms include:
513: 268: 90: 430:"What is China's Swift equivalent and what are its origins?" 473:"Brief Introduction of China Foreign Exchange Trade System" 380:
European Central Securities Depositories Association ECSDA
66:
Examples of financial market infrastructure firms include
491:"Principles for Financial Market Infrastructures (PFMI)" 255:
Some financial infrastructures are directly operated by
27:, a major international financial market infrastructure 394:"Brief Introduction of CCDC and Its Shanghai Branch" 301:
International Organization of Securities Commissions
287:
Financial market infrastructures, many of which are
174:
China Securities Depository and Clearing Corporation
97:, and international central securities depositories 562: 362:Board of Governors of the Federal Reserve System 297:Committee on Payments and Market Infrastructures 586:Securities clearing and depository institutions 412:"Brief Introduction of Shanghai Clearing House" 324:Systemically important financial market utility 93:, foreign-exchange settlement service provider 152:, involved in derivatives clearing in the U.S. 606:Systemically important financial institutions 545: 334:Committee on Payment and Settlement Systems 114:Depository Trust & Clearing Corporation 34:refers to systems and entities involved in 552: 538: 134:(also known as PayCo), which operates the 16:Critical component of the financial system 136:Clearing House Interbank Payments System 126:National Securities Clearing Corporation 18: 170:China Central Depository & Clearing 166:in the euro area and the United Kingdom 563: 477:Shanghai Municipal People's Government 416:Shanghai Municipal People's Government 398:Shanghai Municipal People's Government 330:Systemically important payment systems 352: 350: 182:Cross-Border Interbank Payment System 508: 318:Financial Market Infrastructure Act 277:China Foreign Exchange Trade System 132:The Clearing House Payments Company 13: 520:This finance-related article is a 495:Bank for International Settlements 347: 14: 627: 122:Fixed Income Clearing Corporation 512: 226:Hong Kong Exchanges and Clearing 591:Central securities depositories 76:central securities depositories 32:Financial market infrastructure 483: 465: 447: 422: 404: 386: 368: 1: 596:Payment systems organizations 282: 72:securities settlement systems 524:. You can help Knowledge by 332:, a category defined by the 291:, are typically of critical 206:electronic trading platforms 150:Options Clearing Corporation 7: 306: 271:in the United Kingdom, and 238:London Stock Exchange Group 116:(DTCC), which operates the 61: 10: 632: 507: 261:Real-time gross settlement 230:Intercontinental Exchange 581:Payment clearing systems 434:South China Morning Post 340: 259:, including a number of 118:Depository Trust Company 23:Brussels head office of 263:(RTGS) systems such as 178:Shanghai Clearing House 42:, and the recording of 80:central counterparties 56:financial transactions 28: 611:International finance 313:Market microstructure 202:commodities exchanges 164:London Clearing House 22: 576:Financial technology 234:Japan Exchange Group 293:systemic importance 138:(CHIPS) in the U.S. 336:in the early 2000s 289:natural monopolies 279:(CFETS) in China. 267:in the euro area, 250:SIX Swiss Exchange 246:Singapore Exchange 176:(ChinaClear), the 84:trade repositories 29: 533: 532: 497:. September 2014. 198:futures exchanges 623: 554: 547: 540: 516: 509: 499: 498: 487: 481: 480: 469: 463: 462: 451: 445: 444: 442: 441: 426: 420: 419: 408: 402: 401: 390: 384: 383: 376:"What is a CSD?" 372: 366: 365: 354: 162:in Switzerland, 146:ICE Clear Credit 631: 630: 626: 625: 624: 622: 621: 620: 571:Payment systems 561: 560: 559: 558: 505: 503: 502: 489: 488: 484: 479:. 18 July 2023. 471: 470: 466: 453: 452: 448: 439: 437: 428: 427: 423: 418:. 18 July 2023. 410: 409: 405: 400:. 18 July 2023. 392: 391: 387: 374: 373: 369: 356: 355: 348: 343: 309: 285: 194:stock exchanges 184:(CIPS) in China 68:payment systems 64: 17: 12: 11: 5: 629: 619: 618: 613: 608: 603: 598: 593: 588: 583: 578: 573: 557: 556: 549: 542: 534: 531: 530: 517: 501: 500: 482: 464: 446: 421: 403: 385: 367: 345: 344: 342: 339: 338: 337: 327: 321: 320:in Switzerland 315: 308: 305: 284: 281: 218:Deutsche Börse 190:trading venues 186: 185: 167: 156:Eurex Clearing 153: 139: 129: 63: 60: 15: 9: 6: 4: 3: 2: 628: 617: 616:Finance stubs 614: 612: 609: 607: 604: 602: 601:Systemic risk 599: 597: 594: 592: 589: 587: 584: 582: 579: 577: 574: 572: 569: 568: 566: 555: 550: 548: 543: 541: 536: 535: 529: 527: 523: 518: 515: 511: 510: 506: 496: 492: 486: 478: 474: 468: 460: 456: 450: 435: 431: 425: 417: 413: 407: 399: 395: 389: 381: 377: 371: 363: 359: 353: 351: 346: 335: 331: 328: 325: 322: 319: 316: 314: 311: 310: 304: 302: 298: 294: 290: 280: 278: 274: 270: 266: 262: 258: 257:central banks 253: 251: 247: 243: 239: 235: 231: 227: 223: 219: 215: 211: 207: 203: 199: 195: 191: 183: 179: 175: 172:(ChinaBond), 171: 168: 165: 161: 157: 154: 151: 147: 143: 140: 137: 133: 130: 127: 123: 119: 115: 111: 110: 109: 106: 104: 100: 96: 92: 87: 85: 81: 77: 73: 69: 59: 57: 53: 49: 45: 41: 37: 33: 26: 21: 526:expanding it 519: 504: 494: 485: 476: 467: 458: 449: 438:. Retrieved 436:. 2022-02-28 433: 424: 415: 406: 397: 388: 379: 370: 361: 286: 254: 242:Nasdaq, Inc. 187: 158:in Germany, 142:CME Clearing 124:(FICC), the 107: 88: 65: 54:, and other 31: 30: 299:(CPMI) and 210:Switzerland 120:(DTC), the 103:Clearstream 52:derivatives 565:Categories 440:2022-03-03 283:Regulation 188:Financial 148:, and the 48:securities 40:settlement 303:(IOSCO). 214:CME Group 99:Euroclear 95:CLS Group 25:Euroclear 307:See also 222:Euronext 192:such as 62:Examples 44:payments 36:clearing 273:Fedwire 160:SIX SIS 248:, and 180:, and 82:, and 459:FINMA 341:Notes 269:CHAPS 91:SWIFT 522:stub 204:and 112:the 101:and 86:. 567:: 493:. 475:. 457:. 432:. 414:. 396:. 378:. 360:. 349:^ 265:T2 252:. 244:, 240:, 236:, 232:, 228:, 224:, 220:, 216:, 200:, 196:, 144:, 105:. 78:, 74:, 70:, 50:, 46:, 38:, 553:e 546:t 539:v 528:. 461:. 443:. 382:. 364:.

Index


Euroclear
clearing
settlement
payments
securities
derivatives
financial transactions
payment systems
securities settlement systems
central securities depositories
central counterparties
trade repositories
SWIFT
CLS Group
Euroclear
Clearstream
Depository Trust & Clearing Corporation
Depository Trust Company
Fixed Income Clearing Corporation
National Securities Clearing Corporation
The Clearing House Payments Company
Clearing House Interbank Payments System
CME Clearing
ICE Clear Credit
Options Clearing Corporation
Eurex Clearing
SIX SIS
London Clearing House
China Central Depository & Clearing

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