Cross-border electronic funds tranfers through large value transfer systems, and the persistence of risk

Razeen Sappideen

    Research output: Contribution to journalArticle

    Abstract

    Examines the international progress towards regulatory harmonisation of cross border electronic funds transfers and the obstacles that still remain. Comments on: (1) the nature of such transactions and the varieties of payment systems involved; (2) elements of the banker-customer relationship in fund transfers; (3) the risks involved in payment finality and settlement finality, including the liquidity and credit risks associated with Real Time Gross Settlement (RTGS) systems; (4) the need to ensure the legal validity of netting in all jurisdictions; (5) key EC initiatives concerning large value payment systems; and (6) possible future developments.
    Original languageEnglish
    Number of pages19
    JournalThe Journal of Business Law
    Publication statusPublished - 2003

    Keywords

    • netting
    • clearing systems
    • conflict of laws
    • EC law
    • electronic funds transfer
    • harmonisation

    Fingerprint

    Dive into the research topics of 'Cross-border electronic funds tranfers through large value transfer systems, and the persistence of risk'. Together they form a unique fingerprint.

    Cite this