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Payments and Market Infrastructure

6 LP

English

#70380 / #1

Seit SoSe 2020

Fakultät VII

H 52

Institut für Volkswirtschaftslehre und Wirtschaftsrecht

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Heinemann, Frank

Ahrens, Steffen

frank.heinemann@tu-berlin.de

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POS-Nummer PORD-Nummer Modultitel
2349423 41968 Payments and Market Infrastructure

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
Payments and Market Infrastucture VL 38311 L 10571 SS 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:

No information

Module completion

Grading:

graded

Type of exam:

Portfolio examination

Language:

English

Typ of portfolio examination

100 points in total

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

1.01.31.72.02.32.73.03.33.74.0
90.085.080.076.072.067.063.059.054.050.0

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

This module can be completed in one semester.

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 reading, Lecture notes

Lecture notes

Availability:  unavailable

Electronical lecture notes

Availability:  unavailable

Literature

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

Zurzeit wird die Datenstruktur umgestellt. Aus technischen Gründen wird die Verwendung des Moduls während des Umstellungsprozesses in zwei Listen angezeigt.

This module is used in the following modulelists:

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

Miscellaneous

No information