Moses - Payments and Market Infrastructure

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Diese Modulbeschreibung gilt nicht im aktuellen Semester.

Die Modulbeschreibung gilt nur für den Zeitraum SoSe 2020 - WiSe 2022/23. Die Version für das aktuelle Semester (SoSe 2024) finden Sie hier: Modulbeschreibung des SoSe 2024

Module / Version:
#70380 / #1

Validity:
SoSe 2020 - WiSe 2022/23

Default display language:
English

Module title:
Payments and Market Infrastructure

Credits:
6

Responsible person:
Heinemann, Frank

Grading:
benotet

Type of exam:
Portfolioprüfung

Zugehörigkeit

Faculty:
Fakultät VII

Institute:
Institut für Volkswirtschaftslehre und Wirtschaftsrecht

Area of expertise:
37311400 FG Volkswirtschaftlehre, insbesondere Makroökonomie

Prüfungsausschuss:
Volkswirtschaftslehre

Kontakt

Office:
H 52

Contact person:
Marcath, Ronja Maria

E-mail address:
r.marcath@tu-berlin.de

Website:

https://www.tu.berlin/macroeconomics

Learning Outcomes

The 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.

Content

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.

Module Components

Pflichtgruppe:

All Courses are mandatory.

Course Name	Type	Number	Cycle	Language	SWS	VZ
Payments and Market Infrastucture	VL	38311 L 10571	SoSe	English	2

Workload and Credit Points

Payments and Market Infrastucture (VL):

Workload description	Multiplier	Hours	Total
class attendance	15.0	2.0h	30.0h
class preparation and follow-up	15.0	2.0h	30.0h
classroom presentation	1.0	60.0h	60.0h
exam preparation	1.0	60.0h	60.0h
			180.0h(~6 LP)

The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

Lecture series. Students are also expected to provide presentations on an assigned topic and to submit detailed slides (including background slides).

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

Desirable prerequisites for participation in the courses: Module "Geldtheorie und -politik" passed

Mandatory requirements for the module test application:

This module has no requirements.

Module completion

Grading

graded

Type of exam

Portfolio examination

Type of portfolio examination

100 Punkte insgesamt

Language

English

Test elements

Name	Points	Categorie	Duration/Extent
Classroom presentation	50	oral	presentation of approximately 10 slides plus approximately 10 background slides (detailed and with literature references)
exam	50	written	60 Min

Grading scale

Notenschlüssel »Notenschlüssel 4: Fak I, Fak VII«

Gesamtpunktzahl	1.0	1.3	1.7	2.0	2.3	2.7	3.0	3.3	3.7	4.0
100.0pt	90.0pt	85.0pt	80.0pt	76.0pt	72.0pt	67.0pt	63.0pt	59.0pt	54.0pt	50.0pt

Test description (Module completion)

The grading follows the joint conversion key 4 of the School of Economics and Management (decision of the school's council dated May 28, 2014 - FKR VII-4/8- 28.05.2014).

Duration of the Module

The following number of semesters is estimated for taking and completing the module:
1 Semester.

This module may be commenced in the following semesters:
Sommersemester.

Maximum Number of Participants

This module is not limited to a number of students.

Registration Procedures

registration through chair required, by e-mail to Lea Bitter (lea.bitter@tu-berlin.de)

Recommended literature
Berendsen, R.J. (2017), Financial Market Infrastructures and Payments. Warehouse Metaphor Textbook.
CSPP-IOSCO (2014), Principles for Financial Market Infrastructures (PFMI), Bases, BIS. https://www.bis.org/cpmi/publ/d101a.pdf
Kokkola, T. (ed.) (2008), The Payment System. Payments, Securities and Derivatives, and the Eurosystem. ECB Publication. https://www.ecb.europa.eu/pub/pdf/other/paymentsystem201009en.pdf
Swift (2013), ISO20022 for dummies, 3rd edition.

Assigned Degree Programs

Semester:

Zeige auch ausgelaufene Studiengänge und StuPOs

This module is used in the following Degree Programs (new System):

	Studiengang / StuPO	StuPOs	Verwendungen	Erste Verwendung	Letzte Verwendung
This module is not used in any degree program.

Miscellaneous

No information

Payments and Market Infrastructure