Search Results - subject:"intraday credit"

Single Euro Payments Area (SEPA): Full speed ahead!

Turján, Anikó; Brosch, Judit - In: MNB Bulletin 7 (2012) 2, pp. 47-57

In 2001, a study was conducted for the European Commission looking at the intra-Community cross-border credit transfers of 40 private individuals. The equivalent of EUR 100 was transferred in each transaction. The 1473 credit transfers examined took 3 business days on average to reach the payee....

Persistent link: https://www.econbiz.de/10010898284

Daytime is money

Kraenzlin, Sébastien; Nellen, Thomas - Schweizerische Nationalbank (SNB) - 2010

Based on real-time trade data from the Swiss franc overnight interbank repo market and SIX Interbank Clearing (SIC) – the Swiss real-time gross settlement (RTGS) system – we are able to gain valuable insights on the daytime value of money and its determinants: First, an implicit hourly...

Persistent link: https://www.econbiz.de/10008515787

Daytime is money

Kraenzlin, Sébastien; Nellen, Thomas - Schweizerische Nationalbank (SNB) - 2010

Based on real-time trade data from the Swiss franc overnight interbank repo market and SIX Interbank Clearing (SIC) - the Swiss real-time gross settlement (RTGS) system - we are able to gain valuable insights on the daytime value of money and its determinants: First, an implicit hourly interbank...

Persistent link: https://www.econbiz.de/10008917453

A tale of the water-supplying plumber: intraday liquidity provision in payment systems

Ledrut, Elisabeth - de Nederlandsche Bank - 2006

This paper provides an overview of the literature on intraday credit in payment systems to date and explores the … dilemma central banks face when deciding on their intraday credit policies. On the one hand, any strategy in which the costs … could further influence the allocation of real resources, as achieving economic efficiency requires intraday credit to be …

Persistent link: https://www.econbiz.de/10005101828