Bank for International Settlements and Deferred net settlement: Difference between pages

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imported>Doug Williamson
(Update. Source BIS http://www.bis.org/about/orggov.htm?m=1%7C2)
 
imported>John Grout
(To expand stub)
 
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(BIS).
(DNS).


An international organisation fostering international monetary and financial cooperation, the BIS serves as a bank for central banks and also hosts a number of international organisations.
''Funds transfer''


Customers are exclusively central banks and international organisations.
A net settlement system where final settlements occur between participating banks at the end of a predefined settlement cycle when the net obligations between participants are calculated and presented to the settlement agent for settlement.


The BIS was established by agreement between the parties (plus Switzerland) to arrangements after World War I for payment of reparations by Germany to the principal allied victors. Its mandate and membership was extended and it is now a principal hub of cooperation between central banks and non-central-bank bank supervisors generally.
Also known as Designated-time net settlement.


Contrast with a real time gross settlement system ([[RTGS]]).


The BIS has 60 central banks as its members.


== See also ==
* [[Net settlement]]
* [[Net settlement system]]


The BIS hosts a number of other bodies including the:
[[Category:Treasury_operations]]
*Basel Committee on Banking Supervision;
[[Category:Cash_management]]
*Financial Stability Board;
[[Category:Technology]]
*International Association of Insurance Supervisors (IAIS); and
*International Association of Deposit Insurers.
 
 
The BIS is headquartered in Basel, Switzerland.
 
 
== See also ==
* [[Bank of England]]
* [[Bank supervision]]
* [[Basel Committee on Banking Supervision]]
* [[Board of Governors of the Federal Reserve System]]
* [[Central bank]]
* [[European Central Bank]]
* [[Financial Stability Board]]
* [[IAIS]]
* [[International Association of Deposit Insurers]]
* [[Markets Committee]]

Revision as of 12:26, 25 March 2015

(DNS).

Funds transfer

A net settlement system where final settlements occur between participating banks at the end of a predefined settlement cycle when the net obligations between participants are calculated and presented to the settlement agent for settlement.

Also known as Designated-time net settlement.

Contrast with a real time gross settlement system (RTGS).


See also