Inhalt des Dokuments
The lecture will be held online. Information about attending the online lectures will be available for registered students.
Course registration is now possible (see below).
Prof. Dr. Ulrich Bindseil , European Central Bank
Contact: firstname.lastname@example.org 
|Final Exam:||Thursday, 15 July 2021|
appointment, before or after the lecture|
|Study Programs:||For students
of: Master of Industrial and Network Economics (MINE),
Wirtschaftsingenieurwesen MSc, Economics BSc,
Wirtschaftsingenieurwesen BSc, Innovation Management, Entrepreneurship
and Sustainability MSc|
Course form: Lecture series (2 SWS), 6 ECTS.
|Registration:||Registration period closed|
|Module:||Module description |
|Examination:||Presentation and final exam |
examination consists of the exam and the presentation, adding up to a
maximum of 100 credits. Exam and presentation have equal weight. The
grading follows the joint conversion key of the School of Economics
and Management (decision of the school's council dated May 28, 2014 -
Registration:||TU students: Please
register the usual way (QISPOS or yellow sheet from the examination
Other students: Registration procedure will be announced in class.
course is intended to endow students with the theory and practice of
financial market infrastructures, including the relevant financial
market instruments, systems, institutions, message formats, legal and
regulatory frameworks. Students will be able to understand how|
financial market operations (including those by the central bank) are actually implemented and anchored, and what economic issues arise in this context.
The course covers the basic functioning of key market infrastructures (CSDs, securities settlement systems, CCPs, CLS, etc.), payment systems (RTGS systems, netting systems, retail payment systems, etc.), and messaging formats and networks (ISO20022, SWIFT). Key related economic questions are identified, such as: efficiency, network externalities, competition, standardization, resilience, cases for regulation, etc., relying on the existing academic literature.
|Course Material||The course material can be found at the ISIS2-page at:
"isis.tu-berlin.de/course/view.php "). TU students register for the
course directly with their TUBIT-Account. Guest students from other
institutions log in as guest (Gast). The key to the website
will be sent to you upon
|Banque de France
(2018), Payments and market infrastructures in the digital era.
|CSPP-IOSCO (2014), Principles for
Financial Market Infrastructures (PFMI), Bases, BIS.
"www.bis.org/cpmi/publ/d101a.pdf ") |
|Kokkola, T. (ed.)
(2008), The Payment System. Payments, Securities and Derivatives, and
the Eurosystem. ECB Publication.|
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