Agenda: 

1. Settlement and Clearing Systems

•  Net settlement

•  Real time gross settlement

•  Real time net settlement

•  Hybrid systems

•  Continuous Linked Settlement (CLS)

•  Class exercise

2. The UK Domestic Clearing System

•  APACS

•  BACS

•  NewCHAPS

•  Check clearing

•  Check truncation

•  Team exercise: Build the diagrams

•  UK currency clearing

•  Comparison of systems

3. The US Clearing System

•  US banking environment

•  Fedwire

•  CHIPS

•  ACH

•  Check collection

•  Class exercise: Human chain

•  Comparison of systems

•  Specialized vehicles

•   Lockboxes

•   Zero balance accounts

•   Controlled disbursement accounts

4. Characteristics of Banking Systems that Impact Cash Management

•  Banking system characteristics

•  Country specific factors

 

5. International Banking Systems

•  Correspondent banking

•  Role of SWIFT

•  BICS and IBANs

•  How money moves across borders

•  Paper

•  Electronically

•  Network clearing

•  Direct clearing

6. European Clearing systems

•  Impact of the EMU and euro

•  Team exercise: Implications for cash management

•  Target 1 and Target 2

•  Team exercise: Build the diagram

•  Other European clearing systems
   - EURO1
   - RTGS plus
   - STEP1, STEP2, STEP3

 

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