This work is an in-depth analysis of the deposit side of the Eurocurrency market. It also covers interbanking in Eurocurrency, encompassing the legal ramifications of the deposit side of Eurocurrency market operations.
Contents:
The nature and origins of the Eurocurrency market; the mechanics of Eurocurrency deposits and interbank placement operations; the common law rules on the operation of bank deposits; the application of the common law rules to Eurocurrency and offshore currency deposits; the limitations of the common law rules and the need for an international legal regime; redefining the concept and nature of payment; redefining the law to govern the Eurocurrency deposit contracts; extraterritoriality and conflicts of jursidiction in the operation of offshore currency deposits; national intervention, risk allocation and Home Office liability for offshore branch deposits.
