Mechanism Design for Near Real-Time Retail Payment and Settlement Systems
have made extensive use of interbank netting systems, in which payments are accumulated for end-of-day settlement. This approach, known as deferred net settlement (DNS), reduces the liquidity needs of a payment system, but bears inherent operational risks. As large dollar volumes of retail payments...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2015
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| Online Access: | https://ink.library.smu.edu.sg/sis_research/2495 https://ink.library.smu.edu.sg/context/sis_research/article/3494/viewcontent/7367e824.pdf |
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| Institution: | Singapore Management University |
| Language: | English |