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PAYMENT SYSTEMS IN SINGAPORE - Monetary Authority of …

PAYMENT SYSTEMS IN SINGAPORES ingapore388 CONTENTSList of Institutional aspects .. Legal and regulatory PAYMENT instruments and Securities settlement .. Automated clearing House (ACH).. Credit / charge card Network for Electronic Transfers ( SINGAPORE ) Pte Ltd (NETS) .. Central Depository Pte Ltd (CDP).. The role of other private and public sector SINGAPORE clearing House Association (SCHA) .. Association of Banks in SINGAPORE (ABS).. Electronic payments Technical Committee (EPTC).. Controller of Certification Authorities (CCA)..3972 PAYMENT Non-cash PAYMENT Automated Teller Machines (ATM).

Modern payment systems in a market economy can be modeled in three major segments. First, the instruments used to deliver payments, then, second, the clearing and settlement process involved in a payment transaction, and finally the actual transfer of funds between institutions.

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  System, Payments, Settlement, Clearing, Payment systems, Clearing and settlement

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