Reforming payments and securities settlement systems in latin america and the caribbean english. The payments and securities settlement system is the infrastructure comprising institutions instruments rules procedures standards and technical . Latin america caribbean reforming settlement systemsin payments and securities and the massimo cirasino jos antonio garca mario guadamillas fernando montes negret. In the latin america and caribbean region lac efforts to raise the awareness of the importance of modernizing national payments systems were formalized in 1999 . Massimo cirasino mario guadamillas jos antonio garca fernando montes negret 2007 reforming payments and securities settlement systems in latin
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