Blockchain-based New Financial Infrastructures: Theory, Practice and Regulation

Description: Blockchain-based New Financial Infrastructures by Qian YAO Estimated delivery 3-12 business days Format Paperback Condition Brand New Description This book focuses on development of blockchain-based new-generation financial infrastructures, in which a systematic, complete theoretical framework is proposed to explore blockchain-based securities trading platform, central securities depository (CSD), securities settlement system (SSS), central counterparty (CCP), payment system (PS) and trade repository (TR). The blockchain-based new FMI has attracted much attention in the securities industry. At present, the cross-border depository receipt (DR) business faces a dilemma between efficiency and security. In this book, the author proposes a blockchain-based new DR solution, manifesting the potential for using blockchain technology in the FMI field. In addition, using Hashed Timelock Contract (HTLC) as the underlying technology in the DR scenario, specific process and operations are proposed for delivery versus payment (DvP), delivery versus delivery (DvD) or payment versus payment (PvP) and other exchange-of-value methods. This book further studies how to carry out opening positions, end-of-day settlement of margin, forced liquidation and settlement at maturity, for exchange-traded derivatives, such as futures and options, under the blockchain-based technological framework. Blockchain technology not only naturally fits into the decentralized or non-centralized characteristic of the OTC market but also can effectively address the pain points and difficulties of the OTC market. This book provides an in-depth analysis of existing specific issues in Chinas bond market, regional equity markets and asset management market, among other OTC markets, and proposes relevant blockchain-based solutions. Blockchain technology does not change the public policy objectives for FMI. Theblockchain-based new FMIs are still subject to compliance, safety and efficiency requirements. This book provides a comprehensive assessment of the applicability of the Principles for Financial MarketInfrastructures (PFMI) to them, in particular, analyzes their legal basis, off-chain governance and system security. Author Biography Dr. YAO Qian is Director-General of the Technology Supervision Bureau of the China Securities Regulatory Commission (CSRC). He used to serve as Chief Executive Officer of China Securities Depository and Clearing Corporation Limited (CSDC), Director-General of the Institute of Digital Money of the Peoples Bank of China (PBoC), Deputy Director-General of the Technology Department of PBoC, and Deputy Director-General of PBoC Credit Reference Center. He is a senior engineer and a Ph.D. supervisor. He has published around 200 papers and 10 books and holds more than 100 patents. Dr. YAO was awarded first prize for his outstanding contribution in promoting new technology development and application in the financial sector of China, such as digital RMB experimental project. He was also awarded "Coindesk most influential in blockchain 2017." Details ISBN 9811948453 ISBN-13 9789811948459 Title Blockchain-based New Financial Infrastructures Author Qian YAO Format Paperback Year 2023 Pages 193 Edition 1st Publisher Springer Verlag, Singapore GE_Item_ID:151488619; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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