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The gold and silver in the storage center are used to settle trading in futures contracts.
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It is prodding firms to settle trade and even acquire foreign companies in its own currency.
The original demand for foreign exchange arose from merchants' requirements for foreign currency to settle trades.
Market makers can, for instance, settle trades using the underlying shares rather than cash.
Many volunteered to work double shifts to clear and settle trades.
He warned that the secret court tribunals held to settle trade disputes were undemocratic.
Its member governments have ultimate control over the system to settle trade disputes, including the choice of arbiters.
At the same time, China made it easier for corporations to settle trades in the Chinese currency.
Other markets long ago developed clearinghouses to settle trades and manage the resulting open positions in derivative contracts.
The money was used to settle trades involving two big blocks of complex, mortgage-linked securities, some of which were underwritten by Goldman Sachs and Deutsche Bank, and guaranteed by A.I.G.
Mr. Greenspan said rising volumes of stock trading were "straining the capacity" of brokerage firms to settle trades in a timely fashion.
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