The International Capital Market Association's European Repo Council (ERC)* has commissioned a report “The interconnectivity of central and commercial bank money in the clearing and settlement of the European repo market”, to shed light on the workings of the payment infrastructure that underlie the settlement of securities transactions in Europe, including repo transactions. The report, written by Richard Comotto of the ICMA Centre, maps the different routes by which financial institutions exchange money and securities.
To read the report, click here.
To read the press release, click here.
*On 4 December 2015, the name of the European Repo Council (ERC) was changed to the European Repo and Collateral Council (ERCC).