證券去來 淸算시스템에서 淸算會員 破産의 法律關係에 관한 考察
Legal Issues in Bankruptcy of a Member Participating in Clearing System for Securities Trade
0
조회
0
다운로드
2
인용
0
참고문헌
키워드
초록
Abstract
<Abstract> Legal Issues in Bankruptcy of a Member Participating in Clearing System for Securities Trade Kim, I Su When trades for securities are concluded at a organized market, its performing processes are conducted through "clearing", an entire procedure taken after trade completion to produce a net amount to be performed mainly by off-setting rights and obligations arising from trades, and "settlement", a real payment and delivery process of net value generated by clearing. The works of clearing and settlement are commonly called "back office process". And back office process is holding an fundamental position in financial system. So it is not exaggerating that to keep default rules of clearing house applying in the bankruptcy of clearing member is of great importance. Firstly, I will examine whether Korean bankruptcy statute effectively copes with the negative impact of insolvency initiated against an clearing member on the clearing stage to ensure enforceability of clearing rules. Secondly, whether the administrator on the asset of an insolvent foreign clearing member is able to exercise its right as a capacity of insolvency administrator on the steps taken by korean clearing house according to default rules comes under scrutiny.
참고문헌 (22)
- 석광현, "도산절차의 국제사법" (2005), 법문사
- "채무자회생 및 파산에 관한 법률 제120조의 해석-지급결제제도, 청산결제제도 및 적격금융거래에 대한 특칙의 적용범위", (22) (2007)
- 임치용, "지급결제제도에 관한 회생 및 파산절차의 특칙-제120조의 해석론", 356 (2006)
- "우리나라의 지급결제제도" (2004), 한국은행
- 한국은행 금융결제국, "파생상품 청산결제 구조의 발전과정과 시사점", (2006-10) (2006), 한국은행 금융결제국
- "Derivatives under the bankruptcy code", 721(11) (2002)
- "Insolvenzordnung" (2006)
- Ian F. Fletcher, "Insolvency in Private International Law" (2005)
- "M㉨nchener Kommentar zum BGB" (2006)
- Michael Blair QC, "Financial Markets and Exchanges Law" (2007)
- "M㉨nchener Kommentar zur Insolvenzordnung" (2001)
- R. Hausmann, "Internationales Vertragsrecht" (2004), Dr. Otto Schmidt
- "Netting und Internationales Insolvenzrecht" (2006)
- Wimmer, "Frankfurter Kommentar zur Insolvenzordnung" (2006)
- "Central counterparty clearing: constructing a framework for evaluation of risks and benefits" (2004)
- B. Hills, "Central counterparty clearing houses and financial stability" (1999)
- "Treatment of Securities and Derivatives Transactions in Bankruptcy: part 1" (2005)
- Theodore Zink, "US Bankruptcy Code - Chapter 15:The Early Returns", 20(2) (2007)
- "Zum anwendwaren Recht auf ein in einem Clearing-System vereinbartes Glattstellungsverfahren im Fall der Insolvenz ausländischer Clearing-Teilnehmer" (2006)
- "國際倒産法制" (2002), 商事法務
- 高橋康文, "證券取引法における淸算機關制度" (2003), 金融財政事情硏究會
- "淸算機關によるマルチラテラルㆍネッティングに關する法的論点(中)", 777 (2004)