Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually.This paper examines how such costs are incurred and recovered to pursue payment systems efficiency in different countries and under alternative...

Maksuliike on kaikkiaan nopeutumassa ja kansainvälistymässä voimakkaasti lähivuosina erityisesti euroalueella ja suurten maksujen osalta.Maksuliikkeen katteensiirtoon liittyvät vastapuoliriskit ja likviditeettitarpeet ovat myös keskustelun ja muutoksien kohteena.Katteensiirtokäytäntöjen...

Over the next few years, we will see a pronounced increase in the speed at which payment transactions are executed and in the share of cross-border transactions, particularly in the euro area. Counterparty risks and liquidity needs connected with the transfer of funds continue to evolve and to...

The operating speed of a payment system depends on the stage of technology of the system's communication and information processing environment.Frequent intraday processing cycles and real-time processing have introduced new means of speeding up the processing and settlement of payments.In a...

Payment systems are undergoing rapid changes stimulated largely by technological progress.Distributed network technology, real-time processing and customers' willingness to use electronic banking interfaces will further reshape payment systems during the coming years.Internet and e-commerce will...

Payment systems are undergoing rapid and fundamental changes stimulated largely by technological progress especially distributed network technology and real-time processing.Internet and e-commerce will have a major impact on payment systems in the future.User demands and competition will speed...

Securities settlement is an area, where nobody seems to be content with the current international processing systems, but neither has a proposal for improvement emerged that has attracted common support.This paper describes a possible solution based on an international, harmonised and simplified...

The simulation technique provides a new means for analysing complex interdependencies in payment and securities settlement processing. The Bank of Finland has developed a payment and settlement system simulator (BoF-PSS2) that can be used for constructing simulation models of payment and...