Core Principles for Systematically Important Payment Systems
Author: Bank for International Settlements
Publisher:
Published: 2001
Total Pages: 94
ISBN-13: 9789291316106
DOWNLOAD EBOOK →Author: Bank for International Settlements
Publisher:
Published: 2001
Total Pages: 94
ISBN-13: 9789291316106
DOWNLOAD EBOOK →Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2012-07-18
Total Pages: 28
ISBN-13: 1475504934
DOWNLOAD EBOOK →This paper presents key findings of the Financial Sector Assessment Program for Indonesia. The program covers Bank Indonesia’s real-time gross settlement (BI-RTGS) system’s observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems (SIPS). The assessment reveals that the legal foundation for payment systems in Indonesia is generally sound with explicit provisions for the central bank’s involvement in payment systems. The BI-RTGS generally functions well and is recognized as the only SIPS in Indonesia.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2007-05-15
Total Pages: 12
ISBN-13: 1451825749
DOWNLOAD EBOOK →This paper presents a technical note on Mexico’s Observance of the Core Principles for Systemically Important Payment Systems. The Bank of Mexico has issued regulation to support check truncation, the use of electronic signatures, and regulation that endorses the development and implementation of new payment instruments. In the area of retail payments, progress has been made to improve the fragmented infrastructure and enlarge the connectivity and interoperability of the different networks of commercial banks.
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2012-04-05
Total Pages: 57
ISBN-13: 1475502990
DOWNLOAD EBOOK →The assessment report on the observance of China’s compliance with the Committee for Payment and Settlement System's core principles for systemically important payment systems is examined. Domestic foreign exchange transactions are mostly executed at the China Foreign Exchange Trade Center. Domestic payments are handled through a diverse variety of payment systems, mainly operated by the People's Bank of China, except for cards and some local clearinghouses. Real-time remittances, bills, and cheque-clearing services are widely available to the financial institutions serving the rural areas.
Author: International Monetary Fund Monetary and Financial Systems Department
Publisher:
Published: 2006
Total Pages: 27
ISBN-13:
DOWNLOAD EBOOK →Author: David B. Humphrey
Publisher: World Bank Publications
Published: 1995
Total Pages: 114
ISBN-13: 9780821331118
DOWNLOAD EBOOK →World Bank Technical Paper No. 260. An efficient payment system is a necessary precondition for business development. This study outlines the basic operating principles of a payment system and reviews its benefits, costs, risks, and problems. It examines in detail the systems currently in place in the developed economies of Europe and the United States and draws from the analyses to support recommendations for restructuring those systems in developing countries. The study reviews the various types of payment practices that exist in mature systems including cash, check, GIRO, debit and credit card, direct debit, and large-value wire transfers. A range of short- and long-term improvements in payment systems are recommended for developing countries. There is a special focus on the Russian payment system and the problems it faces in transition from a centrally planned to an market economy.
Author: International Monetary Fund
Publisher:
Published: 2006
Total Pages: 64
ISBN-13:
DOWNLOAD EBOOK →Author: Group of Ten. Committee on Payment and Settlement Systems
Publisher:
Published: 2004
Total Pages: 80
ISBN-13:
DOWNLOAD EBOOK →Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2012-04-12
Total Pages: 41
ISBN-13: 1475583141
DOWNLOAD EBOOK →This paper presents detailed assessment of Israel’s compliance with Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems. A significant improvement in the payments landscape has been noted, with the high value payment system meeting most international standards. Together with the creation of the Zahav system, as part of the reform in the payment and settlement systems, the Bank of Israel has also introduced a series of other changes and improvements into the existing payments systems, to bring them into line with accepted international standards.