Committee on Payments and Market Infrastructures and Notional pooling: Difference between pages

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The Committee on Payments and Market Infrastructures is hosted by the [[Bank for International Settlements]] (BIS) in Basle.
''Banking''.


The Committee promotes the safety and efficiency of payment, clearing, settlement and related arrangements, thereby supporting financial stability and the wider economy. It monitors and analyses developments in these arrangements and provides a forum for central bank cooperation in related oversight, policy and operational matters, including the provision of central bank services. It is also a global standard setter in this area.  
The technique used by banks for calculating interest on balances in a notional cash pool.  


Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.


The Committee was formerly called the Committee on Payment and Settlement Systems. In June 2014, the central bank Governors of the [[Global Economy Meeting]] (GEM) endorsed a new mandate and charter for the CPSS. The GEM also renamed the CPSS as the Committee on Payments and Market Infrastructures (CPMI).  
Notional pooling is also referred to as interest offset pooling.


These changes came into effect on 1 September 2014.


[[Category:Compliance_and_audit]]
== See also ==
* [[Cash pool]]
* [[Cross-guarantees]]
* [[Interest rate enhancement]]
 
[[Category:Long_term_funding]]
[[Category:Cash_management]]

Revision as of 09:54, 9 October 2013

Banking.

The technique used by banks for calculating interest on balances in a notional cash pool.

Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.

Notional pooling is also referred to as interest offset pooling.


See also

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