Kraenzlin, Sébastien; Nellen, Thomas - Schweizerische Nationalbank (SNB) - 2010
) - the Swiss real-time gross settlement (RTGS) system - we are able to gain valuable insights on the daytime value of money … the overnight rate. We thereby provide evidence that an implicit intraday money market exists. Second, we show that after … different intraday term structures for the overnight money market. …