Payments and Market Infrastructure

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• Meeting number (access code): 2743 388 8456
• Meeting password: K6i9MAS3yGVc (56496273 from phones and video systems)  

To register for the course, please send an E-Mail to Rouven Geismar (r.geismar(at)tu-berlin.de) including the following information:
First Name, Second Name, Matr. No., TU E-Mail Address, Study Program, Bachelor/Master program, University

Please note that this course has a capacity limit. In case our limit will be reached, we cannot accept further registrations.

For students of: Master of Industrial and Network Economics (MINE), Wirtschaftsingenieurwesen MSc, Economics BSc, Wirtschaftsingenieurwesen BSc, Innovation Management, Entrepreneurship and Sustainability MSc
Course form: Lecture series (2 SWS), 6 ECTS.

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.

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.

Portfolio examination! For further information about the individual elements, please see the official ISIS course.