IDEAS home Printed from https://ideas.repec.org/p/dnb/dnbwpp/243.html
   My bibliography  Save this paper

Toward a Uniform Functional Model of Payment and Securities Settlement Systems

Author

Listed:
  • Ron Berndsen

Abstract

The aim of this paper is to provide a uniform representation of functional concepts used in the field of payment and securities settlement systems. The framework developed here is encompassing the whole field while using as few elements as possible. It provides a basic functional model for analyzing and tracing the life cycle of the financial legs of a transaction. In line with the network properties of the field the model is based on formal graphs. The visualization of these graphs can be considered as a symbolic language. It is shown on the basis of a number of examples that the framework is capable of representing basic notions of payment and securities settlement systems.

Suggested Citation

  • Ron Berndsen, 2010. "Toward a Uniform Functional Model of Payment and Securities Settlement Systems," DNB Working Papers 243, Netherlands Central Bank, Research Department.
  • Handle: RePEc:dnb:dnbwpp:243
    as

    Download full text from publisher

    File URL: https://www.dnb.nl/binaries/Working%20Paper%20243_tcm46-231640.pdf
    Download Restriction: no

    More about this item

    Keywords

    payment systems; securities settlement systems; settlement risk exposure; functional graph modeling; instruction life cycle; financial market infrastructures;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dnb:dnbwpp:243. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rob Vet). General contact details of provider: http://edirc.repec.org/data/dnbgvnl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.