IMF Staff Country Reports

Thailand: Financial Sector Assessment Program: Detailed Assessment of Observance of CPSS Core Principles for Systemically Important Payment Systems

May 15, 2009

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Thailand: Financial Sector Assessment Program: Detailed Assessment of Observance of CPSS Core Principles for Systemically Important Payment Systems, (USA: International Monetary Fund, 2009) accessed September 18, 2024

Summary

This paper focuses on a detailed assessment of observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems in Thailand. This assessment covers the Bank of Thailand Automated High-Value Transfer Network (BAHTNET), which is a real-time gross settlement (RTGS) system. The assessment reveals that there is no explicit legislation for payment systems in Thailand. However, the legal basis for BAHTNET and payment transfers executed in this system is defined by a set of laws, regulations, and contractual arrangements.

Subject: Core Principles for Systemically Important Payment Systems, Financial markets, Financial regulation and supervision, International trade, Legal support in revenue administration, Liquidity risk, Payment systems, Revenue administration, Trade balance

Keywords: Access criteria, BAHTNET access rule, BAHTNET IT, BAHTNET network, BAHTNET observance, BAHTNET participant, BAHTNET regulation, BAHTNET terminal, BOT objective, BOT oversight function, BOT oversight policy, BOT oversight responsibility, BOT self-assessment, BOT web, Business feature, Core Principles for Systemically Important Payment Systems, CR, Global, Governance arrangement, ISCR, Legal support in revenue administration, Liquidity risk, Payment, Payment systems, Request BAHTNET participant, Trade balance

Publication Details

  • Pages:

    25

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/149

  • Stock No:

    1THAEA2009003

  • ISBN:

    9781451836882

  • ISSN:

    1934-7685