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The paper analyses the severity of gridlocks in interbank payment systems operating on a real time basis and evaluates by means of simulations the merits of a gridlock resolution algorithm. Data used in the simulations consist of actual payments settled in the Danish and Finnish RTGS systems....
Persistent link: https://www.econbiz.de/10005190740
it is possible for settlement failures to spread. This work should be done in cooperation with international …
Persistent link: https://www.econbiz.de/10005190765
pan-European financial infrastructure for payments and securities clearing and settlement. <p> Central counterparty …’s securities market infrastructure – clearing and settlement. Because of the importance of its role, a CCP must have sound risk …-benefit analysis in a Finnish/Nordic-Baltic clearing and settlement infrastructure that incorporates a CCP solution. This is an updated …
Persistent link: https://www.econbiz.de/10005419682
This paper is an overview of domestic payment and settlement systems in Finland. It contains an up-to-date description … of institutional aspects of payment systems, payment media used by non-banks, interbank exchange and settlement circuits … and securities settlement systems. At the end of the paper, annual statistics are presented on payment and settlement …
Persistent link: https://www.econbiz.de/10005649002