Payment, clearing and settlement systems in the CPMI countries
Updated 26 November 2012
The Committee on Payment and Settlement Systems (CPSS) publishes - under the aegis of the Bank for International Settlements (BIS) - reference works on payment systems and the other financial market infrastructures in various countries, both CPSS member and nonmember countries. These publications are widely known as Red Books.
Following the enlargement of the CPSS in 2009, this edition of the Red Book for the CPSS countries is in two volumes. The first volume, which covers 10 CPSS countries (Australia, Brazil, Canada, India, Korea, Mexico, Russia, Singapore, Sweden and Switzerland), was published in September 2011. This second volume covers the remaining 13 CPSS countries (Belgium, China, France, Germany, Hong Kong SAR, Italy, Japan, the Netherlands, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States) and the euro area and includes a chapter on international arrangements.
Financial market infrastructure that is resilient and effective enhances the stability of the financial system. It also reduces transaction costs in the economy, promotes the efficient use of financial resources, improves financial market liquidity and facilitates the conduct of monetary policy. I hope this new edition of the CPSS Red Book will contribute to the general understanding and awareness of these issues by providing information about arrangements in the CPSS countries.
I should like to thank all of those who contributed to the preparation of this Red Book.
Paul Tucker
Chairman, Committee on Payment and Settlement Systems
| Full chapter | Institutional aspects | Payment media used by non-banks | Payment systems (funds transfer systems) | Systems for post-trade processing, clearing and securitites settlement | |
| Foreword | |||||
| Belgium | Payment, clearing and settlement systems in Belgium | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| China | Payment, clearing and settlement systems in China | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Euro area | Payment, clearing and settlement systems in the euro area | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| France | Payment, clearing and settlement systems in France | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Germany | Payment, clearing and settlement systems in Germany | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Hong Kong SAR | Payment, clearing and settlement systems in Hong Kong SAR | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Italy | Payment, clearing and settlement systems in Italy | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Japan | Payment, clearing and settlement systems in Japan | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Netherlands | Payment, clearing and settlement systems in the Netherlands | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Saudi Arabia | Payment, clearing and settlement systems in Saudi Arabia | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| South Africa | Payment, clearing and settlement systems in South Africa | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| Turkey | Payment, clearing and settlement systems in Turkey | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| United Kingdom | Payment, clearing and settlement systems in the United Kingdom | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| United States | Payment, clearing and settlement systems in the United States | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) | PDF (updated 26 Nov 2012) |
| International arrangements | |||||