Detection and Explanation of Anomalous Payment Behavior in Real-Time Gross Settlement Systems

2018 ◽  
pp. 145-161 ◽  
Author(s):  
Ron Triepels ◽  
Hennie Daniels ◽  
Ronald Heijmans
Keyword(s):  
Real Time ◽  
Settlement Systems

scholarly journals Analyzing Alternative Intraday Credit Policies in Real-Time Gross Settlement Systems

1998 ◽  
Vol 30 (4) ◽  
pp. 832 ◽  
Author(s):  
Craig H. Furfine ◽  
Jeff Stehm
Keyword(s):  
Real Time ◽  
Settlement Systems

scholarly journals SIMULATION OF AUTOMATED REAL‐TIME GROSS INTERBANK SETTLEMENT

2009 ◽  
Vol 15 (1) ◽  
pp. 123-135
Author(s):  
Donatas Bakšys ◽  
Leonidas Sakalauskas
Keyword(s):  
Real Time ◽  
Real Data ◽  
Transfer System ◽  
The Real ◽  
Settlement Systems ◽  
Simulation And Optimization ◽  
Modelling Simulation

The aim of this paper is to analyze algorithms for the automated real‐time gross inter‐bank settlement (RTGS). One can change the efficiency of settlement systems by perfecting the processing of settlements and/or implementing rules for solving the gridlocks, or by applying the tools of refinancing and reservation. We focus on the settlement simulation of the Trans‐European Automated Real‐time Gross Settlement Express Transfer system (TARGET2). The system of modelling, simulation, and optimization of settlements (Bakšys and Sakalauskas 2007b) is applied in the simulation of TARGET2, estimating the parameters of simulation according to the real data. Santrauka Tarpbankinių mokėjimų apimties didėjimas, augantis poreikis atlikti mokėjimus realaus laiko režimu kelia papildomų reikalavimų tarpbankinių atsiskaitymų sistemų technologijoms. Aktyvus elektroninių informacijos perdavimo priemonių diegimas į bankininkystę ir dideles atsiskaitymų dalies sutelkimas tam tikruose bankų sistemos centruose leido sukurti automatizuotus atsiskaitymo centrus ‐ tarpbankinių lėšų pervedimo ir priešpriešinių mokėjimų padengimo sistemos. Straipsnio tyrimo objektas ‐ transnacionalinių automatizuotų tarpbankinių atsiskaitymų algoritmų analizė imituojant atsiskaitymų procesą. Tyrimų metu buvo nagrinėjami transeuropinės automatizuotos realaus laiko atskirųjų atsiskaitymų skubių pervedimu sistemos (TARGET2) atsiskaitymų algoritmai. Atsiskaitymų procesui imituoti buvo naudojama atsiskaitymų modeliavimo, imitavimo ir optimizavimo sistema. Algoritmu tyrimo rezultatai gauti remiantis realiais mokėjimų ir atsiskaitymo sistemos duomenimis.

scholarly journals Distributed Ledger Technology Experiments in Payments and Settlements

FinTech Notes ◽  
2020 ◽  
Vol 20 (01) ◽  
Author(s):  
Ghiath Shabsigh ◽  
Tanai Khiaonarong ◽  
Harry Leinonen
Keyword(s):  
Real Time ◽  
First Generation ◽  
Payment Systems ◽  
Settlement Systems ◽  
Delivery Times ◽  
Payment Instruments ◽  
Payment Schemes ◽  
Almost All ◽  
Exchange Transactions ◽  
Operational Capacity

Major transformations in payment and settlements have occurred in generations. The first generation was paper-based. Delivery times for payment instruments took several days domestically and weeks internationally. The second generation involved computerization with batch processing. Links between payment systems were made through manual or file-based interfaces. The change-over period between technologies was long and still some paper-based instruments like checks and cash remain in use. The third generation, which has been emerging, involves electronic and mobile payment schemes that enable integrated, immediate, and end-to-end payment and settlement transfers. For example, real-time gross settlement systems have been available in almost all countries. DLT has been viewed as a potential platform for the next generation of payment systems, enhancing the integration and the reconciliation of settlement accounts and their ledgers. So far, experiments with DLT experimentations point to the potential for financial infrastructures to move towards real-time settlement, flatter structures, continuous operations, and global reach. Testing in large-value payments and securities settlement systems have partly demonstrated the technical feasibility of DLT for this new environment. The projects examined analyzed issues associated with operational capacity, resiliency, liquidity savings, settlement finality, and privacy. DLT-based solutions can also facilitate delivery versus payment of securities, payment versus payment of foreign exchange transactions, and efficient cross-border payments.

Liquidity Management of the Participants in Chinese Real Time Gross Settlement Systems

2008 ◽  
Author(s):  
Xianhua Wei ◽  
Song Pan ◽  
Song Yang ◽  
Min Zhang ◽  
Min Chen
Keyword(s):  
Real Time ◽  
Liquidity Management ◽  
Settlement Systems

scholarly journals Analyzing Alternative Intraday Credit Policies in Real-Time Gross Settlement Systems

1997 ◽  
Vol 1997 (40) ◽  
pp. 1-25 ◽  
Author(s):  
Craig H. Furfine ◽  
◽  
Jeff Stehm
Keyword(s):  
Real Time ◽  
Settlement Systems
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