Liquidity-Saving Mechanisms in Collateral-Based RTGS Payment Systems

Liquidity Saving Mechanisms in Payment Systems and Settlement Liquidity: The Experience of Japan’s Next- Generation RTGS Project

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

Liquidity Saving Mechanisms in Payment Systems and Settlement Liquidity

Payment systems are one of the key Financial Market Infrastructures (FMIs) and have showed remarkable progress over the past two decades. The first half of this chapter focuses on the evolutionary process of payment systems, starting with the Deferred Net Settlement (DNS) system and progressing to the RealTime Gross Settlement (RTGS) system. Subsequently, much more sophisticated payment systems...

Liquidity saving mechanisms and bank behavior in payment systems

Interbank payment systems form the backbone of the financial architecture. Banks need to hold costly funds at the central bank to process interbank payments. Each bank would individually like to hold a low amount of funds and finance its outgoing payments from payments received by other banks during the day. Collectively, however, all banks cannot ‘free ride’ on other banks liquidity which make...

Payment systems: liquidity saving mechanisms in a distributed ledger environment – Stella project report

Payment systems: liquidity saving mechanisms in a distributed ledger environment – Stella project report