Question:
a) List and describe the main components of the MACSS.
b) S.W.I.F.T. monitors the payments traffic of members of the MACSS Closed User Group (CUG) and will direct any payments designated as MACSS RTGS payments to the FIN Y-Copy Service. Briefly explain the how FIN Y-Copy service works.
c) (i) What are the benefits of an online broker compared to the traditional broker?
(ii) Outline the role of a specialist and that of a market maker.
d) List down the possible drivers behind the widespread success for mobile services.