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Payments, Clearance, and Settlement: A Guide to the Systems, Risks, and Issues

GGD-97-73 Published: Jun 20, 1997. Publicly Released: Jun 20, 1997.
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Highlights

Pursuant to a congressional request, GAO provided information about the nation's systems to effect financial transactions between purchasers and sellers of goods, services, and financial assets.

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Topics

Clearinghouses (futures)E-commerceElectronic benefits transfersElectronic funds transferFinancial instrumentsForeign currency exchangesInternetOptions (securities)Securities regulationStocks (securities)