The diagram below shows how ๐๐๐ฆ๐๐ง๐ ๐๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ make the prices go up or down, using Metaโs stock as an example. All the buy/sell orders are placed into a ๐๐๐๐ (Centralized Limited Order Book). Green ones are buy orders, and red ones are sell orders. At each price level, there are several orders queued up [โฆ]
The diagram below shows the 4 models. โถ๏ธ 1. ๐๐จ๐ซ๐ซ๐๐ฌ๐ฉ๐จ๐ง๐๐๐ง๐ญ ๐๐๐ง๐ค๐ข๐ง๐ ๐ฆ๐จ๐๐๐ฅ The correspondent bank holds deposits owned by other banks from other countries. This allows banks to access financial services in different jurisdictions. Under some international card schemes (Visa, Mastercard), participating banks typically rely on correspondent banking for settlement. [1] โถ๏ธ 2. ๐๐ง๐ญ๐๐ซ๐ฅ๐ข๐ง๐ค๐ข๐ง๐ ๐ฆ๐จ๐๐๐ฅ [โฆ]
The diagram below shows the overall flow. There are 3 parts: ๐น Trading ๐น Clearing ๐น Settlement โถ๏ธ ๐๐ซ๐๐๐ข๐ง๐ Steps 1.1 โ 1.3: The stock buyer and seller place orders via brokers or custodian banks. Step 2: The brokers execute the orders in the exchange. โถ๏ธ ๐๐ฅ๐๐๐ซ๐ข๐ง๐ Step 3: The exchange sends execution reports to [โฆ]
Why is it called ๐ฉ๐ซ๐จ๐ ๐ซ๐๐ฆ๐ฆ๐๐๐ฅ๐ ๐ฆ๐จ๐ง๐๐ฒ? The diagram below shows a typical retail ๐ญ๐ฐ๐จ-๐ญ๐ข๐๐ซ CBDC architecture. Tier 1 is the ๐๐๐ง๐ญ๐ซ๐๐ฅ ๐๐๐ง๐ค, which is in charge of ๐ข๐ฌ๐ฌ๐ฎ๐ข๐ง๐ CBDC. Unlike cash, the issuing doesnโt involve printing out money, rather it is just a digital currencies that exist in the central bankโs system. Tier 2 is [โฆ]
Why is a credit card called a โ๐๐ซ๐๐๐ข๐ญโ card? Why is a debit card called a โ๐๐๐๐ข๐ญโ card? ๐ An example of a debit card payment is shown in the diagram below. ๐ธ Each transaction in the business system is transformed into at least two journal lines in the ledger system. This is called ๐๐จ๐ฎ๐๐ฅ๐-๐๐ง๐ญ๐ซ๐ฒ [โฆ]
What is the revenue model for BNPL providers? The growth of BNPL has been dramatic in recent years. The BNPL provider represents the primary interface between the merchants and the customers for both eCommerce and POS (Point of Sale). The diagram below shows how the process works: Step 0. Bob registers with AfterPay. An approved [โฆ]
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the main secure ๐ฆ๐๐ฌ๐ฌ๐๐ ๐ข๐ง๐ ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ that links the worldโs banks. The Belgium-based system is run by its member banks and handles ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง๐ฌ ๐จ๐ ๐ฉ๐๐ฒ๐ฆ๐๐ง๐ญ ๐ฆ๐๐ฌ๐ฌ๐๐ ๐๐ฌ per day. The diagram below illustrates how payment messages are transmitted from Bank A (in New York) to Bank B (in [โฆ]
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