Author: Publisher:
ISBN:
Category : Credit cards
Languages : en
Pages : 52
Book Description
Retail Payments in Selected Countries
Author: The Payment System
Author: Tom KokkolaPublisher:
ISBN: 9789289906333
Category : Banks and banking, Central
Languages : en
Pages : 369
Book Description
"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
General Principles for International Remittance Services
Author: Group of Ten. Committee on Payment and Settlement SystemsPublisher:
ISBN:
Category : Emigrant remittances
Languages : en
Pages : 68
Book Description
Distributed Ledger Technology Experiments in Payments and Settlements
Author: Mr.Ghiath ShabsighPublisher: International Monetary Fund
ISBN: 1513536338
Category : Business & Economics
Languages : en
Pages : 22
Book Description
Major transformations in payment and settlements have occurred in generations. The first generation was paper-based. Delivery times for payment instruments took several days domestically and weeks internationally. The second generation involved computerization with batch processing. Links between payment systems were made through manual or file-based interfaces. The change-over period between technologies was long and still some paper-based instruments like checks and cash remain in use. The third generation, which has been emerging, involves electronic and mobile payment schemes that enable integrated, immediate, and end-to-end payment and settlement transfers. For example, real-time gross settlement systems have been available in almost all countries. DLT has been viewed as a potential platform for the next generation of payment systems, enhancing the integration and the reconciliation of settlement accounts and their ledgers. So far, experiments with DLT experimentations point to the potential for financial infrastructures to move towards real-time settlement, flatter structures, continuous operations, and global reach. Testing in large-value payments and securities settlement systems have partly demonstrated the technical feasibility of DLT for this new environment. The projects examined analyzed issues associated with operational capacity, resiliency, liquidity savings, settlement finality, and privacy. DLT-based solutions can also facilitate delivery versus payment of securities, payment versus payment of foreign exchange transactions, and efficient cross-border payments.
The Payment System
Author: Mr.Bruce J. SummersPublisher: International Monetary Fund
ISBN: 9781557753861
Category : Business & Economics
Languages : en
Pages : 232
Book Description
This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.
Oversight Issues in Mobile Payments
Author: Tanai KhiaonarongPublisher: International Monetary Fund
ISBN: 1498331572
Category : Business & Economics
Languages : en
Pages : 35
Book Description
This paper examines oversight issues that underlie the potential growth and risks in mobile payments. International experience suggests that financial authorities can develop effective oversight frameworks for new payment methods to safeguard public confidence and financial stability by establishing: (i) a clear legal regime; (ii) proportionate AML/CFT measures to prevent financial integrity risks; (iii) fund safeguarding measures such as insurance, similar guarantee schemes, or “pass through” deposit insurance; (iv) contingency plans for operational disruptions; and (v) risk controls and access criteria in payment systems. Such measures are particularly important for low-income countries where diffusion is becoming more widespread.
Securities Clearance and Settlement Systems
Author: Mario GuadamillasPublisher: World Bank Publications
ISBN:
Category : Banks and banking
Languages : en
Pages : 44
Book Description
How to assess securities clearance and settlement systems, based on international standards and best practices.
A Glossary of Terms Used in Payments and Settlement Systems
Author: The Federal Reserve System Purposes and Functions
Author: Board of Governors of the Federal Reserve SystemPublisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Recommendations for Central Counterparties
Author: Group of Ten. Committee on Payment and Settlement SystemsPublisher:
ISBN:
Category : Clearing of securities
Languages : en
Pages : 80
Book Description