The 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...
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INFORMATION
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2007/01/01
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Publication
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38282
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1
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1
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2010/05/19
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Disclosed
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Reforming payments and securities settlement systems in Latin America and the Caribbean
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payment system