CONSIDERATIONS ON ASSESSMENT OF PAYMENT AND SETTLEMENT SYSTEM
CONSIDERATIONS ON ASSESSMENT OF PAYMENT AND SETTLEMENT SYSTEM
Author(s): Timeea Maria DumescuSubject(s): Economy
Published by: Editura Tehnopress
Keywords: Payment systems; settlement systems; central depository; evaluation;
Summary/Abstract: Payment and settlement systems are financial instruments that are significant to the financial and banking system. Payment systems are a source of current information and an operative intervention tool by providing oversight use funds in the accounts of the banks. Since their implementation in the banking system structure these systems have evolved continuously in the market requirements, we are encountering major problems are mostly due to strict compliance with international standards, which ensure a high level of safety in their operation and measures by the central bank.
Journal: Journal of Public Administration, Finance and Law
- Issue Year: 2014
- Issue No: 06
- Page Range: 149-154
- Page Count: 6
- Language: English