SIPS: Difference between revisions
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imported>Doug Williamson (Create the page. Source: BIS webpage http://www.bis.org/cpmi/publ/d00b.htm?selection=40&scope=CPMI&base=term) |
imported>Doug Williamson (Updated text) |
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A payment system which has the potential to trigger or transmit systemic disruptions. | Systemically Important Payment Systems. | ||
A payment system which, if it fails, has the potential to trigger or transmit systemic disruptions. | |||
This includes, among other things, systems that are the sole payment system in a jurisdiction or the principal system in terms of the aggregate value of payments, and systems that mainly handle time critical, high value payments or settle payments used to effect settlement in other Financial Market Infrastructures. | This includes, among other things, systems that are the sole payment system in a jurisdiction or the principal system in terms of the aggregate value of payments, and systems that mainly handle time critical, high value payments or settle payments used to effect settlement in other Financial Market Infrastructures. | ||
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*[[Financial Market Infrastructure]] | *[[Financial Market Infrastructure]] | ||
*[[LVPS]] | *[[LVPS]] | ||
* [[Real-time gross settlement system]] | |||
*[[Systemic risk]] | *[[Systemic risk]] | ||
*[[Systemically Important Financial Institution]] | *[[Systemically Important Financial Institution]] | ||
Revision as of 13:53, 17 August 2016
Systemically Important Payment Systems.
A payment system which, if it fails, has the potential to trigger or transmit systemic disruptions.
This includes, among other things, systems that are the sole payment system in a jurisdiction or the principal system in terms of the aggregate value of payments, and systems that mainly handle time critical, high value payments or settle payments used to effect settlement in other Financial Market Infrastructures.
