Publication:
Reforming Payments and Securities Settlement Systems in Latin America and the Caribbean

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dc.contributor.authorCirasino, Massimo
dc.contributor.authorGuadamillas, Mario
dc.contributor.authorGarcía, José Antonio
dc.contributor.authorMontes-Negret, Fernando
dc.date.accessioned2012-05-30T13:13:14Z
dc.date.available2012-05-30T13:13:14Z
dc.date.issued2007
dc.description.abstractThe payments and securities settlement system is the infrastructure (comprising institutions, instruments, rules, procedures, standards, and technical means) established to effect the transfer of monetary value between parties discharging mutual obligations. A securities clearance and settlement system can be considered as part of the overall payment mechanisms of a country, in that it satisfies the main features of this overall definition The purpose of this book is to (a) extract the main lessons and experiences of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative - Western Hemisphere Payments and Securities Settlement Forum (WHI-WHF) regarding the implementation of various reforms; (b) describe status of and major trends in payments and securities settlement systems worldwide and their implications for the LAC region; (c) summarize the detailed assessment findings for each LAC country in the following fields: (1) legal and regulatory framework, (2) main characteristics of the inter-bank exchange and settlement circuits, (3) retail settlement systems, (4) the role of the government as a major participant in the payments system, (5) foreign exchange and cross-border settlement, (6) the operation of the inter-bank money market, (7) aspects related to securities settlement such as the legal framework, clearance and settlement processes, settlement risks, operational reliability, custody, depositories' organizational arrangements, cross-border links, and (8) the oversight role of the central bank, coordination with the regulatory and supervisory role over securities settlement, and cooperation with the private sector; and (d) propose practical observations regarding the implementation of payments and securities settlement system reforms in the LAC region.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/01/7299376/reforming-payments-securities-settlement-systems-latin-america-caribbean
dc.identifier.doi10.1596/978-0-8213-6635-6
dc.identifier.isbn0-8213-6635-1
dc.identifier.urihttps://hdl.handle.net/10986/6630
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC : World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACH
dc.subjectAMF
dc.subjectARAB MONETARY FUND
dc.subjectATM
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK OF JAMAICA
dc.subjectBANK OF SPAIN
dc.subjectBANKING SUPERVISION
dc.subjectCAPITAL MARKETS
dc.subjectCDS
dc.subjectCEMLA
dc.subjectCENTRAL BANK REGULATION
dc.subjectCENTRAL BANKS
dc.subjectCHARACTER RECOGNITION
dc.subjectCLEARING HOUSE
dc.subjectCLEARING MEMBERS
dc.subjectCLEARINGHOUSE
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMITTEE ON PAYMENT AND SETTLEMENT SYSTEMS
dc.subjectCOMPONENTS
dc.subjectCONTAGION
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOPYING
dc.subjectCOUNTERPARTY
dc.subjectCPSS
dc.subjectCSD
dc.subjectCUSTODY
dc.subjectCUSTODY RISK
dc.subjectDELIVERY VERSUS PAYMENT
dc.subjectDEPOSITORY
dc.subjectDEPOSITS
dc.subjectDERIVATIVES
dc.subjectDVP
dc.subjectE-MAIL
dc.subjectEASTERN CARIBBEAN CENTRAL BANK
dc.subjectECONOMICS
dc.subjectEFTPOS
dc.subjectELECTRONIC FUNDS
dc.subjectELECTRONIC FUNDS TRANSFER
dc.subjectEMERGING MARKETS
dc.subjectEMI
dc.subjectEND USERS
dc.subjectEUROPEAN MONETARY INSTITUTE
dc.subjectFEDERAL RESERVE BANK OF NEW YORK
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKET LIBERALIZATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFOREIGN EXCHANGE
dc.subjectFUNDS TRANSFER SYSTEMS
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS SETTLEMENT
dc.subjectGROSS SETTLEMENT SYSTEM
dc.subjectGROUP OF TEN
dc.subjectICSD
dc.subjectIFIS
dc.subjectINFORMATION SYSTEMS
dc.subjectINFORMATION TECHNOLOGIES
dc.subjectINTERBANK PAYMENTS
dc.subjectINTERNATIONAL FINANCIAL INSTITUTIONS
dc.subjectINTERNATIONAL MONETARY FUND
dc.subjectINTEROPERABILITY
dc.subjectINVESTMENT SERVICES
dc.subjectISIN
dc.subjectLATIN AMERICAN
dc.subjectLEGAL FRAMEWORK
dc.subjectMAGNETIC INK CHARACTER RECOGNITION
dc.subjectMARKET PARTICIPANTS
dc.subjectMICR
dc.subjectMIDDLE EAST
dc.subjectMONEY LAUNDERING
dc.subjectNET SETTLEMENT
dc.subjectNETWORKS
dc.subjectNORTH AFRICA
dc.subjectOTC
dc.subjectOVERSIGHT OF PAYMENT SYSTEMS
dc.subjectPAYMENT ARRANGEMENTS
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPAYMENTS
dc.subjectPAYMENTS SYSTEM
dc.subjectPAYMENTS SYSTEMS
dc.subjectPOINT OF SALE
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC KEY INFRASTRUCTURE
dc.subjectPUBLIC POLICY
dc.subjectPVP
dc.subjectREGULATORY FRAMEWORK
dc.subjectRETAIL PAYMENT SYSTEMS
dc.subjectRETAIL PAYMENTS
dc.subjectRISK SHARING
dc.subjectRTGS
dc.subjectSADC
dc.subjectSAN
dc.subjectSECURITIES
dc.subjectSECURITIES COMMISSIONS
dc.subjectSECURITIES TRADING
dc.subjectSETTLEMENT RISKS
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSOCIETY FOR WORLDWIDE INTERBANK FINANCIAL TELECOMMUNICATION
dc.subjectSOUTHERN AFRICAN DEVELOPMENT COMMUNITY
dc.subjectSUBSIDIARY
dc.subjectSYSTEMIC RISK
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNOLOGICAL CAPABILITIES
dc.subjectTECHNOLOGICAL DEVELOPMENT
dc.subjectTRANSMISSION OF MONETARY POLICY
dc.subjectTRANSPARENCY
dc.subjectTRINIDAD AND TOBAGO
dc.titleReforming Payments and Securities Settlement Systems in Latin America and the Caribbeanen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2010-05-19
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2007/01/7299376/reforming-payments-securities-settlement-systems-latin-america-caribbean
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid648151468277135006
okr.identifier.doi10.1596/978-0-8213-6635-6
okr.identifier.externaldocumentum000020953_20070103134641
okr.identifier.internaldocumentum7299376
okr.identifier.report38282
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/01/03/000020953_20070103134641/Rendered/PDF/382820Settleme101OFFICIAL0USE0ONLY1.pdfen
okr.region.administrativeLatin America & Caribbean
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicTechnology Industry
okr.topicLaw and Development::Settlement of Investment Disputes
okr.topicBanks and Banking Reform
okr.topicPayment Systems and Infrastructure
okr.topicIndustry
okr.unitOffice of the Publisher (EXTOP)
okr.volume1 of 1
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