The article describes the work undertaken by the BIS in 1998 and earlier on "electronic money". (Annotated text, based on a presentation made at the Conference "on "Trends in Electronic Commerce", Hamburg, Germany, 8th June 1998", published at the time at vsis-www.informatik.uni-hamburg.de;...

Given the importance of financial intermediation and financial infrastructures such as payment systems for the economy, countries have established entities to supervise or oversee the well functioning of instutions, systems and networks. This paper is based on a presentaion made at XI...

There are a number of international initiatives that have the goal of improving or maintaining financial stability by strengthening financial infrastructure. The Committee on Payment and Settlement Systems (CPSS) contributed to this process through its work on developing Core Principles for...

The article descibes the process leading to the draft of the Model Law as discussed in 1991. The text of the draft is reproduced as Annex. The Model Law is designed to produce a comprehensive body of rules to govern relations between parties to funds transfer transactions.

Treasury allows to appreciate the enterprise's performance, having also a strategic role in terms of its training level and usage manners. Release (training) of treasury (cash-flow) is the proof of the strategic position of enterprise in relation to its products, its markets, its competitors and...