Payments
A rookie’s guide to tokenised Treasuries
What are DTCC’s digital US government debt securities? How do tokenised repo and other transactions work? These questions, and others, answered
CLS to launch CNH PvP settlement service
Plan will involve settling offshore renminbi in Hong Kong via separate PvP session
CCP liquidity risk measures hit highs in Q1
LCH, HKEX, JSCC and OCC set payment obligation records
EUR vs USD stablecoins is the wrong debate
Market structure and regulatory cohesion is at the centre of the stablecoin liquidity evolution, says Flow Traders’ digital assets head
Instant payments as the new normal: how much more money do the banks need?
The authors assess how the transition towards instant payment schemes and systems affects banks' liquidity needs.
The merchant’s hand in the consumer’s choice of payment instruments: an agent-based model
The authors use real-world data to investigate interactions between consumers and merchants in the adoption and usage of various payment instruments.
Locked out by loyalty: entry deterrence through rebates in payment card markets
The author investigates how payment card networks provide rebates at a high level, such that competitors cannot profitably enter the market.
Methodology change drives Eurex liquidity obligation to record
Limiting offsets to private-sector securities pushes estimated hypothetical obligation up 79%
Rethinking remittances in the US–Mexico corridor: innovation, cost and policy implications
With a focus on the US-Mexico corridor, the authors investigate how online platforms and crypto-based technologies have reshaped the dynamics of cross-border payments.
Forex looks to flip the (stable)coin
Friction-free foreign exchange is the prize offered by stablecoins such as Tether and USDC. But the prize remains elusive
Central bank digital currency and other digital payments in sub-Saharan Africa: a regional survey
The authors highlight the motivations, benefits and challenges of central bank digital currency adoption in sub-Saharan Africa.
MBSD liquidity risk hits four-year high
Estimated largest payment obligation tops $40bn in Q3
JPM stands alone as substitutability cap reins in G-Sib score
Bank of America crosses 500bp threshold for first time, as Basel continues review
BlackRock and DRW execs bullish on tokenisation potential
DRW’s Don Wilson expects every instrument to be traded on-chain in five years’ time
Let’s speak the same language: a formally defined model to describe and compare payment system architectures
The authors propose a means with which to represent and compare three key functions of payment system architectures: issuance/withdrawal, holding and transfer of funds.
Toward immediacy and continuity in money and finance?
This paper investigates the relationship between developments in information and communication technology and changes in the time structure of money and finance.
OCC payment obligations hit record in Q1
Liquid resources up 6.5% as liquidity risk grows to new highs
Researching new financial products: using survey evidence to gain insight into buy now, pay later
The authors investigate early adopters of "buy now, pay later" payments and how the use of this service may effect a person's credit.
Liquidity risk spikes at CME and OCC
CCPs revised estimated worst-case payment obligation to highest levels on record in Q4
Singaporean banks see surge in systemic risk indicators
2024 figures show underwriting activity spike across the board
NSCC suffers record $7bn liquidity shortfall
Index rebalancing in December drives CCP’s largest-ever simulated funding gap