13,898 research outputs found

    Securities clearance and settlement systems - a guide to best practices

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    As an essential part of a nation's financial sector infrastructure, securities clearance, and settlement systems must be closely integrated with national payment systems, so that safety, soundness, certainty, and efficiency can be achieved at a cost acceptable to all participants. Central banks have paid considerable attention to payment systems, but securities clearance, and settlement systems have only recently been subjected to rigorous assessment. The Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI), led by the World Bank, and in cooperation with the Centro de Estudios Monetarios Latinoamericanos (CEMLA), gave the authors a unique opportunity to observe how various countries in Latin America, and the Caribbean undertake securities clearance, and settlement. To do so, the authors developed a practical, and implementable assessment methodology, covering key issues that affect the quality of such systems. In this paper they discuss the objectives, scope, and content of a typical securities system, identify the elements that influence the system's quality, and show how their assessment methodology works. They focus on the development of core principles, and minimum standards for integrated systems of payments, and securities clearance and settlement. Their paper fills a gap by providing an evaluation tool for assessors of such systems, especially those who must assess evolving systems in developing, and transition economies. Essentially, an assessment involves a structured analysis to answer four related questions: 1) What are the objective, and scope of a securities clearance and settlement system? 2) Who are the participants, what roles do they play, and what expectations do they have? 3) What procedures are required to satisfy the participants'needs? 4) What inherent risks are involved, and how can they be mitigated at an acceptable cost?Environmental Economics&Policies,Payment Systems&Infrastructure,Financial Intermediation,International Terrorism&Counterterrorism,Securities Markets Policy&Regulation,Financial Intermediation,Environmental Economics&Policies,Settlement of Investment Disputes,Payment Systems&Infrastructure,Insurance&Risk Mitigation

    Medicaid's Role in the Health Benefits Exchange: A Road Map for States

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    Examines issues for integrating Medicaid into the administration, operation, and coverage continuum of insurance exchanges. Discusses eligibility, enrollment, and outreach; contracting, standards, and requirements; benefits design; and infrastructure

    Road Safety Management at Work Zones : Final report

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    Accidents nearby work zones are a persistent road safety problem in many European countries. The Conference of European Directors of Roads (CEDR) has initiated and finances the IRIS project (Incursion Reduction to Increase Safety in road work zones) with the aim to collect and share information about best practices in temporary traffic management at road works. An analysis of work zone accidents and a review of best practices were made. Psychological issues to improve safety at work zones were studied by a literature review. Interviews with stakeholders were carried out in eight European countries to gather information on guidelines, standards and procedures in temporary traffic management. Best practice findings cover organizational/management issues, work zone safety reviews, establishment/de-establishment of a road work zone, informing/warning and guiding road users through work zone areas, speed management, protecting devices for road workers’ and road users’ safety and incursion warning systems

    CRC for Construction Innovation : annual report 2008-2009

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