Transcription of A glossary of terms used in payments and settlement systems
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A glossary of terms used in payments and settlement systems
Committee on Payment and settlement systems A glossary of terms used in payments and settlement systems March 2003 This publication is available only on the BIS website ( ). First edition published January 2001. Revised editions published July 2001 and March 2003. Bank for International Settlements 2003. All rights reserved. Brief excerpts may be reproduced or translated provided the source is cited. ISBN 92-9197-133-2 (online) CPSS glossary - March 2003 1 Foreword The Committee on Payment and settlement systems (CPSS) is publishing this comprehensive glossary of payment system terminology as a reference document for the standard terms used in connection with payment and settlement systems . It combines various glossaries appended to earlier reports by the CPSS and the European Central Bank (ECB).
technological and operational issues, financial market infrastructures and the conduct of monetary policy. In payment systems, we see the practical application of many concepts that are key to central bank operations and policymaking, such as intraday liquidity, risk management and the oversight of payment and settlement systems.
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