Explore the complexities and risks associated with the clearing and settlement processes in securities transactions, including operational, credit, and liquidity risks, and the regulatory measures in place to mitigate these risks.
Explore the concept of Delivery Versus Payment (DVP), its role in mitigating settlement risk, and the mechanisms that ensure secure financial transactions.
Explore the pivotal role of custodians in financial markets, focusing on asset safekeeping, trade settlement, and additional services that enhance market operations.