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Practical Issues Arising From The Euro

December 1996 Issue 3

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Title Pages (15k)

Contents Page (6k)

Chapter 1 (189k)
Introduction

Chart A: Planned timetable for the introduction of the euro

Chapter 2 (105k)
Payments Arrangements

  1. Wholesale Payments
    Chart B: Timetable for wholesale and retail payments system development
    Interlinking
    TARGET
    Chart C: Alternative cross-border payment flows
    Box EBA Clearing
  2. Retail Payments
    Box: Retail payments systems in the UK

Chapter 3 (25k)
Systems for Securities and Derivatives Settlement

Box: Securities Settlement Systems in the UK
Central Gilts Office
European Settlements Office
Central Moneymarkets Office
CREST
International central securities depositories
- Euroclear
- Cedel Bank
- Box: Steps to redenomination
London Clearing House

Chapter 4 (35k)
Financial Markets and Eexchanges

Money and foreign exchange markets
The equity market
Derivatives markets
A - Exchange traded
B - Over-the-counter
Other Sectors
- Insurance
- Finance and leasing
- Commodities

Report of the Working Group on the Gilt Market After EMU
(56k)
Box: Market conventions in major international government bond markets

Chapter 5 (10k)
Business, Retail and the Public Sector

Business preparations
Retail preparations
Public sector preparations

Chapter 6 (270k)
Overarching Issues

  1. The Law
    Chart D: the building blocks of the Regulations on the euro
  2. Accounting and taxation
  3. Information technology
    Box: Questions about IT that Chief Executives should be asking
  4. Rounding
    Box: Rounding in practice

Chapter 7 (469k)
Work of the EMI

Monetary policy operations in Stage 3
Changes to the Bank of England's money market operations
Euro banknotes
- Designs to be used in the preparation of euro banknotes
- Chart E: Timetable for producing euro banknotes
Statistical preparations
ERM 2 and the Stability Pact

Organisations Consulted, Abbreviations and Acronyms (11k)

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