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Economic Commentary

Standardizing World Securities Clearance Systems

The dramatic increase in the volume of international securities trading has strained the present system of settling trades. The costs and risks of such trading can no longer be ignored. An international organization, the Group of Thirty, has recommended changes in the structure of financial markets to minimize these problems.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

DeGennaro, Ramon, and Christopher Pike. 1990. “Standardizing World Securities Clearance Systems.” Federal Reserve Bank of Cleveland, Economic Commentary 4/15/1990.

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