Usoskin Valentin, Belousova V.
Modern Systems of Interbank Settlements / Usoskin Valentin, Belousova Veronika
Publication Type:

 The paper considers the key types of up-to-date interbank payment systems. Their main structural features, operational pro and con, operational risks are analyzed. A special attention is paid to the factors prompting a rapid development of RTGS used for large and urgent money transfers. Different forms of further upgrading business process in payment infrastructure based on the modern technology are shown.


Keywords: sic | euro1 | target2 | rtgs plus | fedwire | chips | cls | interbank payment system | real time gross settlement systems | deferred net settlement system | hybrid payment system | besp |

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