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This session on foreign exchange markets covers FX settlements, including networks, continuous link systems, bi foreign exchange reserve, structured products, FX fixes, and FX ringing. Each transaction involves fund transfers between two nations, impacting both payment and settlement systems. National systems are crucial for day-to-day FX market operations. There are two types of settlements: cross settlement settles each transaction individually with one payment and one receipt, while net settlement combines transactions meeting criteria into one amount with one debit and one credit per currency.
