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Payment, clearing and settlement systems in Saudi Arabia ...

Payment, clearing and settlement systems in Saudi Arabia CPSS Red Book 2012 345. Saudi Arabia Contents List of abbreviations .. 349. Introduction .. 351. 1. Institutional aspects .. 351. The general institutional framework .. 351. The role of the central bank .. 352. The role of other private and public sector bodies .. 353. The role of the Capital Market Authority (CMA) .. 353. Financial intermediaries allowed to provide payment services .. 354. Other entities .. 354. 2. Payment media used by non-banks .. 354. Cash 354. Non-cash payments .. 354. Non-cash payment instruments .. 354. 3. Payment systems (funds transfer systems ).. 357. General overview .. 357. Large-value payment system .. 357. SARIE system.

4.2 Post-trade processing systems – stock exchange trading and settlement ... country’s official foreign exchange reserves. • Currency Law (1959) Saudi Arabia ... for any new type of banking transaction or product, including payment cards, ATMs and EFTPOS. • …

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  Transactions, Foreign, Processing, Exchange, Foreign exchange

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