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1 Markets I: The Ecosystem and Exchange-Traded Marketsالأسواق عبر الإنترنت 2 Markets II: Rates, FX and Creditالأسواق عبر الإنترنت 3 Markets III: Commodities, Energy and Cryptoالأسواق عبر الإنترنت 4 Quantitative Methodsالأساليب عبر الإنترنت 5 Derivatives and Volatilityالمشتقات عبر الإنترنت 6 Rates, Credit, XVA and Riskالفائدة والائتمان والمخاطر عبر الإنترنت 7 Research Craft: Predictors, Backtests, Measurement, Portfoliosالبحث عبر الإنترنت 8 Strategies I: Equities and Futuresالاستراتيجيات عبر الإنترنت 9 Strategies II: Volatility, Relative Value, Macro and the Bank Desksالاستراتيجيات عبر الإنترنت 10 Microstructure and Executionالتنفيذ عبر الإنترنت 11 Market Making and High-Frequency Tradingصناعة السوق عبر الإنترنت 12 Machine Learning for Marketsتعلم الآلة عبر الإنترنت 13 Low-Latency Softwareالتكنولوجيا عبر الإنترنت 14 Networks, Hardware and Trading Infrastructureالتكنولوجيا عبر الإنترنت 15 Research, Data and Risk Platformsالتكنولوجيا عبر الإنترنت 16 The Desk and the Firmالشركة عبر الإنترنت 17 The Industry: Firms, Roles and Careersالمسارات المهنية عبر الإنترنت 18 The Interview Bookالمسارات المهنية عبر الإنترنت
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Quantitative Finance · المسرد

ما معنى Off-exchange settlement؟

Definition 15.9 Markets III: Commodities, Energy and Crypto · الفصل 15 — Centralised Exchanges

Off-exchange settlement is an arrangement in which a trading firm’s collateral stays with an independent custodian, the exchange credits the firm with a trading balance mirroring it, and the gains and losses of the firm’s trading are settled between the custodian and the exchange at set intervals or on demand, so that only the unsettled amount is at risk to the exchange.

Off-exchange settlement: the firm’s collateral stays with a custodian, the exchanges credit a mirrored trading balance, and net gains and losses are settled between custodian and exchanges at set times. An exchange’s failure can take only the unsettled amount. Schematic.
Figure 15.5. Off-exchange settlement: the firm’s collateral stays with a custodian, the exchanges credit a mirrored trading balance, and net gains and losses are settled between custodian and exchanges at set times. An exchange’s failure can take only the unsettled amount. Schematic.
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