Central Banking

Complete glossary of payment systems terminology

The Committee on Payment and Settlement Systems (CPSS) at the Bank for Internation Settlements has just published a comprehensive glossary of payment system terminology as a reference document for the standard terms used in connection with payment and settlement systems.

It combines various glossaries appended to earlier reports by the CPSS and the European Central Bank (ECB). Understanding the terminology of payment systems is a key requirement, not only for those involved in day-to

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