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This session on foreign exchange markets covers FX settlements, networks, continuous link systems, bi FX reserves, structured products, FX fixes, and FX ringings. Every FX transaction involves fund transfer between two nations, involving payment and settlement systems of both countries. National payment and settlement systems play a crucial role in FX market operations. There are two types of settlements: cross settlement where each transaction settles individually, and net settlement where transactions within netting criteria settle as one amount.
