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818172_chapitre_6.pdf

Here are the key points summarized:

Overview

Key Points

  1. RTGS Systems: Emerged in the 1980s as a response to the need for faster and more efficient payment processing.
  2. Types of Payment Systems:
    • RTGS (Real-Time Gross Settlement) systems process large-value payments in real-time, reducing settlement risk.
    • DNS (Net-Down Settlement) systems settle transactions in batches, often with a delay.
    • Hybrids combine elements of RTGS and DNS systems to reduce risks and improve efficiency.
  3. Evolution of RTGS Systems:
    • From 1981 to 2012, the number of RTGS systems worldwide increased from 10 to over 100.
    • Today, many countries use RTGS systems for high-value payments.
  4. Hybrid Systems: Combine elements of RTGS and DNS systems to reduce risks and improve efficiency.
    • Frequent compensation and settlement of transactions in batches.
  5. Examples of Hybrid Systems:
    • CHIPS (Clearing House Interbank Payments System) is an example of a hybrid system.

These key points summarize the main themes and concepts discussed in this chapter regarding the evolution of payment systems, with a focus on RTGS systems and their development over time.

Published: 2018-12-18 · Source: BDF

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