In such a way, a failure to collect payments or receive securities can be avoided. In addition, rolling settlement was introduced in October 1996. Here, settlements are made on every business day for the contracts that were agreed on a specific number of business days previous to that settlement date (currently seven days).
We could ask, for example, whether central banks and other public authorities should limit themselves to promoting a gradual convergence towards new legal, regulatory and technical standards, or whether they should take a more central role as developers and operators, so as to deal with potential market failures and neglected collective needs.