CONTENTSThe Federal Reserve Wire Transfer NetworkAn Overview of the Operations of The Options Clearing CorporationClearing and Settlement Through the Board of Trade Clearing CorporationThe Chicago Mercantile ExchangeA Study of Large-Dollar Payment Flows Through CHIPS and FedwireSecurities LendingCHAPS: The Clearing House Automated Payment SystemCHIPS: The Clearing House Interbank Payments SystemTrading of Foreign Currency Options and Futures in PhiladelphiaThe International Money Markets in London and First Chicago's Role In Clearing and Settling for Dollar InstrumentsExchanges and Clearing Houses For Financial Futures and Options in The United KingdomClearing and Settling the Euro-Securities Market: Euro-Clear and Cedel