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Economic Review

Sep/Oct, 1992

Behind the Money Market: Clearing and Settling Money Market Instruments

David L. Mengle

When a money market instrument is traded, the clearing and settlement process establishes the change in ownership. Because the process involves both costs and risks, money market participants have developed means of making clearing and settlement more efficient and less risky.

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Lisa Davis (804) 697-8179

Economic Review

Behind the Money Market: Clearing and Settling Money Market Instruments

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