Simulating interbank payments and securities settlement mechanism with the BoF-PSS2 simulator

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Title: Simulating interbank payments and securities settlement mechanism with the BoF-PSS2 simulator
ISBN: 952-462-082-0
Author: Leinonen, Harry ; Soramäki, Kimmo
Organization: Suomen Pankki
Department / Unit: Research Department
Series: Suomen Pankin keskustelualoitteita
Bank of Finland. Discussion papers
ISSN: 0785-3572
Series year: 2003
Series number: 23/2003
Year of publication: 2003
Publication date: 1.10.2003
Published in: Published in Journal of Financial Transformation, No. 12, December 2004: 79-84
Pages: 55 s.
Keywords: maksujärjestelmät; pankkitoiminta; clearing/settlement; likviditeetti; riskit; simulointi; selvitysjärjestelmät;
Abstract: The simulation technique provides a new means for analysing complex interdependencies in payment and securities settlement processing. The Bank of Finland has developed a payment and settlement system simulator (BoF-PSS2) that can be used for constructing simulation models of payment and securities settlement systems.This paper describes the main elements of payment and settlement systems (system structures, interdependencies, processing steps, liquidity consumption, cost and risk dimensions) and how these can be treated in simulation studies.It gives also examples on how these elements have been incorporated in the simulator, as well as an overview of the structure and the features of the BoF-PSS2 simulator. Key words: simulations, simulator, payment systems, clearing/settlement, and liquidity
Note: Ilmestynyt eri nimisenä myös Journal of financial transformation 12 ; 2004.
Rights: https://helda.helsinki.fi/bof/copyright


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