Herstatt risk

GPTKB entity

Statements (15)
Predicate Object
gptkbp:instanceOf gptkb:financial_risk
gptkbp:alsoKnownAs settlement risk
gptkbp:category counterparty risk
gptkbp:cause losses due to time zone differences
gptkbp:mitigatedBy CLS Bank International
payment-versus-payment systems
gptkbp:namedAfter Bankhaus Herstatt
gptkbp:notableEvent Bankhaus Herstatt failure in 1974
gptkbp:occurredIn one party to a transaction delivers the currency it sold but does not receive the currency it bought
gptkbp:relatedTo international banking
cross-border payments
foreign exchange transactions
gptkbp:bfsParent gptkb:Herstatt_Bank_failure
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Herstatt risk