SecuritiesSettlement

2 posts tagged “SecuritiesSettlement”

Clearing & Settlement2026-08-31

Securities and Money Must Move “Delivery Versus Payment”: What Risk Does DvP Actually Prevent?

Starting from a 100 million yuan bond trade, this article explains the securities leg, cash leg, principal risk, and DvP Models 1/2/3, and explores the relationship between Settlement Finality and tokenized settlement.

Payment Clearing Basics2026-08-20

What Does Financial Infrastructure Include? Understanding the Systems Behind Payment, Clearing, and Settlement

This article, grounded in the PFMI and China's regulatory framework, uses cross-bank transfers and securities settlement as examples to systematically explain the functions, risk control, global arrangements, and digital evolution of financial infrastructure.