Committee on Payments and Market Infrastructures and Notional pool: 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.
''Cash and liquidity management''.


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.  
A notional cash pool is a structure involving several related bank accounts whose balances have been aggregated for the purposes of optimising interest paid or received.


In other words a bank looks only at the total balance of the accounts in the notional pool when calculating interest, but there is no physical movement of funds.


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).


These changes came into effect on 1 September 2014.
<span style="color:#4B0082">'''''Bank models evolving'''''</span>


:"The world of cash management and payments is evolving in response to changes in bank business models as a result of regulation (ie the move away from notional pools)."


==See also==
:''Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.''
* [[Payment system]]
 
* [[Clearing system]]
 
* [[Settlement system]]
== See also ==
* [[Aggregation]]
* [[Cash pool]]
* [[Concentration account]]
* [[Consolidation]]
* [[Legal implications of cash pooling structures]]
* [[Notional pooling]]
* [[Regulation]]
 
 
===Treasurer articles===
[http://www.treasurers.org/node/9923 The pros of pooling, ''Sarah Boyce'']
 
[http://www.treasurers.org/node/8824 Take the plunge, ''Brendan McGraw'']


[[Category:Compliance_and_audit]]
[[Category:Cash_management]]
[[Category:Cash_management]]

Latest revision as of 14:36, 8 August 2018

Cash and liquidity management.

A notional cash pool is a structure involving several related bank accounts whose balances have been aggregated for the purposes of optimising interest paid or received.

In other words a bank looks only at the total balance of the accounts in the notional pool when calculating interest, but there is no physical movement of funds.


Bank models evolving

"The world of cash management and payments is evolving in response to changes in bank business models as a result of regulation (ie the move away from notional pools)."
Michelle Price, associate policy and technical director, Association of Corporate Treasurers, The Treasurer, August 2018, p24.


See also


Treasurer articles

The pros of pooling, Sarah Boyce

Take the plunge, Brendan McGraw

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