Franklin

Denmark [electronic resource] : Financial Sector Assessment Program-Detailed Assessment of the Core Principles for Systemically Important Payment Systems.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2007.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 07/120.
IMF Staff Country Reports; Country Report No. 07/120
Format/Description:
Government document
Book
1 online resource (63 p.)
Local subjects:
Assessment methodology.
Assessment process.
Audit trails.
Automated teller machines.
Bills of exchange.
Caps.
Checks.
Clearing members.
Clearing systems.
Clients.
Collateral.
Confidentiality.
Core Principles for Systemically Important Payment Systems.
Counterparty.
Credit.
Credit caps.
Credit cards.
Credit transfers.
Current account.
Current accounts.
Customer accounts.
Electronic money.
Financial Sector Assessment Program.
Foreign authorities.
Foreign banks.
Foreign exchange transactions.
Funds transfers.
Internal audit.
Internal controls.
International cooperation.
International standards.
Legal infrastructure.
Monetary union.
Payment system.
Payment systems.
Payments.
Point of sale.
Pools.
Prices.
Pricing.
Principal risk.
Queuing.
Real time gross settlement.
Registration.
Repo.
Reputational risk.
Retail payments.
Risk management.
Risk management procedures.
Rtgs.
Safekeeping.
Securities accounts.
Securities transactions.
Settlement facilities.
Settlement systems.
Shareholders.
Shares.
Standing orders.
Supervisory authorities.
Supervisory authority.
Systemic risk.
Terrorist attacks.
Third parties.
Traceability.
Denmark.
Summary:
This paper discusses key findings of the Detailed Assessment of the Core Principles for Systemically Important Payment Systems for Denmark. The main counterparties for the assessment were Danmarks Nationalbank and the Danish Financial Supervisory Authority Finanstilsynet. The assessment recommends that the system should have a well-founded legal basis under all relevant jurisdictions. The system’s rules and procedures should enable participants to have a clear understanding of the system’s impact on each of the financial risks they incur through participation in it.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451811179:
9781451811179
ISSN:
1934-7685
Publisher Number:
10.5089/9781451811179.002
Access Restriction:
Restricted for use by site license.
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