Publication:
Financial Sector Assessment Program : Saudi Arabia - CPSS Core Principles for Systematically Important Payment Systems

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T17:17:57Z
dc.date.available2013-10-01T17:17:57Z
dc.date.issued2011-09
dc.description.abstractThe present document is the assessment of the systemically important payment systems in the Kingdom of Saudi Arabia (KSA) based on the CPSS Core Principles for Systemically Important Payment Systems (CPSIPS). The document also contains an analysis of some developmental issues related to the reform of the payments system as a whole. The assessment was conducted in the context of the field mission of the Financial Sector Assessment Program (FSAP) Update to the KSA (April 2011). The assessor of the CPSIPS was Massimo Cirasino. The national payments system (NPS) in Saudi Arabia efficiently serves the needs of a broad set of users. In particular, SAMA has implemented a comprehensive and robust infrastructure to support the provision of payment services and products by commercial banks. The infrastructure is primarily concentrated on payments in riyals and comprises the following systems: (i) the Saudi Arabian Riyal Interbank Express (SARIE) real time gross settlement (RTGS) system, which processes a wide range of large-value and small-value payments and provides settlement facilities for a number of clearing systems, as well as for transactions executed at the Tadawul stock exchange; (ii) the check clearing houses operated at SAMA branches; (iii) automated teller machine (ATM) and point-of-sale services provided through Saudi payments network; (iv) electronic bill presentment and payment processed by the national electronic bill presentment and payment service; (v) the Public Key Infrastructure (PKI) which provides advanced security facilities; and (vi) the SAMA Joint Network (SJN) providing a highly secured communications network. The NPS in Saudi Arabia is characterized by a high level of standardization.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/09/18170315/saudi-arabia-committee-payment-settlement-systems-cpss-core-principles-systematically-important-payment-systems
dc.identifier.doi10.1596/15970
dc.identifier.urihttps://hdl.handle.net/10986/15970
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCEPTABLE COLLATERAL
dc.subjectACCESS POLICY
dc.subjectACCOUNT BALANCES
dc.subjectACCOUNT NUMBER
dc.subjectACCOUNT NUMBERS
dc.subjectACCOUNTING
dc.subjectANTI-MONEY LAUNDERING
dc.subjectATM
dc.subjectAUCTIONS
dc.subjectAUTHORIZATION
dc.subjectAUTHORIZATIONS
dc.subjectAUTHORIZED ENTITY
dc.subjectAUTHORIZED PERSONNEL
dc.subjectAUTHORIZED PERSONS
dc.subjectAUTOMATION
dc.subjectBACKUPS
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBANK CUSTOMERS
dc.subjectBANK PAYMENT
dc.subjectBANK PAYMENTS
dc.subjectBANK REGULATIONS
dc.subjectBANKING LAW
dc.subjectBANKING LAWS
dc.subjectBANKING SYSTEM
dc.subjectBANKING TECHNOLOGY
dc.subjectBENEFICIARY
dc.subjectBILL PAYMENT
dc.subjectBONDS
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS-TO-BUSINESS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET LAW
dc.subjectCAPITAL MARKETS
dc.subjectCASH FLOW
dc.subjectCASH SETTLEMENT
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCENTRAL SECURITIES DEPOSITORIES
dc.subjectCENTRAL SECURITIES DEPOSITORY
dc.subjectCHECK CLEARING
dc.subjectCHECKS
dc.subjectCLEARING HOUSE
dc.subjectCLEARING HOUSES
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL POLICY
dc.subjectCOLLATERALIZATION
dc.subjectCOLLATERALS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMUNICATIONS NETWORK
dc.subjectCOMPETITIVE BIDDING
dc.subjectCONSUMER PROTECTION
dc.subjectCORPORATE BOND
dc.subjectCORPORATE BONDS
dc.subjectCORPORATE SECURITIES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION DATABASE
dc.subjectCREDIT RISK
dc.subjectCREDIT RISKS
dc.subjectCREDIT TRANSFERS
dc.subjectCURRENCY
dc.subjectDATA REPLICATION
dc.subjectDATA SECURITY
dc.subjectDATA SECURITY STANDARDS
dc.subjectDEBIT CARDS
dc.subjectDEPOSIT
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE PRODUCTS
dc.subjectDERIVATIVES
dc.subjectDERIVATIVES MARKET
dc.subjectDEVELOPMENT BONDS
dc.subjectDIGITAL CERTIFICATES
dc.subjectDIGITAL SIGNATURES
dc.subjectDIRECT DEBIT
dc.subjectDIRECT DEBITS
dc.subjectEBPP
dc.subjectELECTRONIC BILL
dc.subjectELECTRONIC BILL PRESENTMENT
dc.subjectELECTRONIC BILL PRESENTMENT AND PAYMENT
dc.subjectELECTRONIC TRANSACTION
dc.subjectELECTRONIC TRANSACTION LAW
dc.subjectEQUITIES
dc.subjectFILE TRANSFER
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL SERVICES
dc.subjectFLOATING RATE
dc.subjectFLOATING RATE NOTES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFRAUD
dc.subjectFRAUDULENT TRANSACTIONS
dc.subjectGLOBAL PAYMENT
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS SETTLEMENT SYSTEM
dc.subjectGUARANTEE FUND
dc.subjectGUARANTEE FUNDS
dc.subjectHARDWARE
dc.subjectINDIVIDUAL INVESTORS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISKS
dc.subjectINTERNAL AUDITORS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL PAYMENT CARD
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT BANK
dc.subjectISLAMIC BONDS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEVEL OF RISK
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY RISK
dc.subjectLIQUIDITY RISKS
dc.subjectLOAN
dc.subjectLOW VALUE PAYMENTS
dc.subjectMARKET PARTICIPANT
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PLAYERS
dc.subjectMARKET STRUCTURE
dc.subjectMARKET TRANSACTIONS
dc.subjectMESSAGING SERVICE
dc.subjectMOBILE PHONE
dc.subjectMOBILE PHONES
dc.subjectMONETARY FUND
dc.subjectMONEY TRANSFER
dc.subjectMONEY TRANSFERS
dc.subjectMORAL SUASION
dc.subjectNATIONAL PAYMENT CARD
dc.subjectOPEN ACCESS
dc.subjectOPERATIONAL RISK
dc.subjectOPERATIONAL RISKS
dc.subjectOVERNIGHT REPO
dc.subjectOVERNIGHT REPOS
dc.subjectPAYMENT CARD
dc.subjectPAYMENT CARD NETWORK
dc.subjectPAYMENT CARD NETWORKS
dc.subjectPAYMENT CARD TRANSACTIONS
dc.subjectPAYMENT FLOW
dc.subjectPAYMENT FLOWS
dc.subjectPAYMENT INFORMATION
dc.subjectPAYMENT INSTRUMENTS
dc.subjectPAYMENT NETWORK
dc.subjectPAYMENT PRODUCTS
dc.subjectPAYMENT SERVICE
dc.subjectPAYMENT SERVICES
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPAYMENT TRANSACTIONS
dc.subjectPAYMENTS NETWORK
dc.subjectPAYMENTS SYSTEM
dc.subjectPENSIONS
dc.subjectPHYSICAL SECURITY
dc.subjectPKI
dc.subjectPOINT OF FAILURE
dc.subjectPRIMARY MARKET
dc.subjectPRIVATE NETWORK
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC KEY
dc.subjectPUBLIC KEY INFRASTRUCTURE
dc.subjectPUBLIC POLICY
dc.subjectREAL TIME GROSS SETTLEMENT
dc.subjectREAL TIME GROSS SETTLEMENT SYSTEM
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESERVES
dc.subjectRETAIL PAYMENT
dc.subjectRETAIL PAYMENT SYSTEMS
dc.subjectRISK CONTROL
dc.subjectRISK MANAGEMENT
dc.subjectROLLING SETTLEMENT
dc.subjectRTGS
dc.subjectSECONDARY MARKET
dc.subjectSECONDARY MARKET TRANSACTIONS
dc.subjectSECURITIES
dc.subjectSECURITIES AS COLLATERAL
dc.subjectSECURITIES EXCHANGE
dc.subjectSECURITIES MARKET
dc.subjectSECURITIES MARKET LAW
dc.subjectSECURITIES REGULATOR
dc.subjectSECURITIES SETTLEMENT
dc.subjectSECURITIES TRANSACTIONS
dc.subjectSECURITY MARKET
dc.subjectSECURITY PROCEDURES
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT FACILITIES
dc.subjectSETTLEMENT INFRASTRUCTURE
dc.subjectSETTLEMENT RISK
dc.subjectSETTLEMENT RISKS
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSMART CARDS
dc.subjectSOFTWARE UPDATE
dc.subjectSTAKEHOLDERS
dc.subjectSTANDARDIZATION
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCKS
dc.subjectSUKUK
dc.subjectSWAP
dc.subjectSWAPS
dc.subjectSYSTEM DESIGN
dc.subjectT-BILL
dc.subjectT-BILLS
dc.subjectTERRORISM
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRANSACTION
dc.subjectTRANSFER OF OWNERSHIP
dc.subjectTRANSFER OF SECURITIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTURNOVER
dc.subjectVALUE OF COLLATERAL
dc.subjectWITHDRAWAL
dc.titleFinancial Sector Assessment Program : Saudi Arabia - CPSS Core Principles for Systematically Important Payment Systemsen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-08-30
okr.date.doiregistration2025-05-07T11:31:34.431698Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/09/18170315/saudi-arabia-committee-payment-settlement-systems-cpss-core-principles-systematically-important-payment-systems
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid264021468108274041
okr.identifier.externaldocumentum000333037_20130830124326
okr.identifier.internaldocumentum18170315
okr.identifier.report80738
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/08/30/000333037_20130830124326/Rendered/PDF/807380ESW0Saud00Box379814B00PUBLIC0.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countrySaudi Arabia
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicPayment Systems and Infrastructure
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicTechnology Industry
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicIndustry
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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