Corpus ID: 14637022

Liquidity Saving in Real-Time Gross Settlement Systems - An Overview

  title={Liquidity Saving in Real-Time Gross Settlement Systems - An Overview},
  author={B. Norman},
  journal={European Economics: Political Economy & Public Economics eJournal},
  • B. Norman
  • Published 2010
  • Economics
  • European Economics: Political Economy & Public Economics eJournal
  • During the past two decades, Large Value Payment Systems (LVPSs) in many countries have been redesigned so that the payments they process are settled on a ‘Real-Time Gross Settlement’ (RTGS) basis. Such systems eliminate interbank credit risk in the payment system - which, from the perspective of the Bank of England, is a key feature of the United Kingdom’s LVPS, CHAPS, and one which cannot be compromised by any future design changes. But such RTGS systems can require relatively large amounts… CONTINUE READING
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