Thailand: Financial Sector Assessment Program: Detailed Assessment of Observance of CPSS Core Principles for Systemically Important Payment Systems
IMF Staff Country Reports, 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
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Bibliographic details
- Published: May 15, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836882.002
Overview
- Focus: Detailed assessment of observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems in Thailand.
- System assessed: Bank of Thailand Automated High-Value Transfer Network (BAHTNET), a real-time gross settlement (RTGS) system.
- Core finding summarized: There is no explicit legislation for payment systems in Thailand; the legal basis for BAHTNET and payment transfers executed in this system is defined by a set of laws, regulations, and contractual arrangements.
Scope and system assessed
- Coverage: BAHTNET (real-time gross settlement, RTGS).
- Legal framework characterization:
- No explicit standalone payment systems legislation in Thailand.
- Legal basis for BAHTNET and transfers executed through BAHTNET relies on a set of laws, regulations, and contractual arrangements.
Key findings
- Legal framework:
- "There is no explicit legislation for payment systems in Thailand."
- "The legal basis for BAHTNET and payment transfers executed in this system is defined by a set of laws, regulations, and contractual arrangements."
- System type:
- BAHTNET is identified as a "real-time gross settlement (RTGS) system."
Subjects and keywords (as provided)
- Subjects: 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