Chapter 15 Developments in Payment Systems
Author:
ERNEST PATRIKIS
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Language:
English
Print Publication Date:
01 Jun 1994
Keywords:
BOOK; bank; Inter-American Development Bank; government; loan; Inter-American Investment Corporation; equities securities clearing; securities dealer; intraday overdraft; securities-delivery-against-payments system; risk-reduction program; Securities; Payment systems; Commercial banks; Clearing and settlement systems; Central bank accounting; Global; Europe

Abstract

In thinking about payment systems developments, consider an inverted triangle. The central bank is at the bottom. Resting on the central bank are the accounts of depository institutions, investment banks, securities firms, and perhaps others. At the top are participants in the financial markets. In the first part of this paper, I will discuss the transfer of securities and of funds. The second part is an overview of the risk-reduction program in the payment systems in the United States.

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Cover Current Legal Issues Affecting Central Banks, Volume II.
Current Legal Issues Affecting Central Banks, Volume II.
Volume II.
ISBN:
9781557753069
Publication Date:
01 Jun 1994
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557753069.071
Pages:
489