
Die Zukunft des Clearing und Settlement
Theodor Baums, Andreas Cahn
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by Theodor Baums, Andreas Cahn
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["The reform of the law on bonds"] In the past few years, the financing instrument "bonds" was gaining considerable importance on the German capital market, not least because of declining prices on the share market and the lowering of key interest rates by the ECB. On an international level, the German bond market comes in third world-wide behind the American and Japanese markets.
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