QUESTION
a) (i) Outline the concept of the Real Time Gross Settlement (RTGS) system in Mauritius and name the THREE main system components of the MACSS.
(ii) Differentiate between ‘Gross Settlement' and ‘Netting'
b) Explain briefly how the SWIFT FIN Y-COPY works. (Use diagrams where necessary to support your answer)
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.