United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Selected Issues on Liquidity Risk Management in Fedwire Funds and Private Sector Payment

May 14, 2010

Summary

This paper discusses Selected Issues on Liquidity Risk Management in Fedwire Funds and Private Sector Payment for the United States. While an asymmetric treatment of foreign banking organizations exists regarding the calculation of the capital measure for caps and the fee deductible, policy provisions implemented in March 2009 substantially addressed this asymmetry. Steps are needed to amend Fedwire’s settlement procedures for tri-party repo transactions, Depository Trust Company, and Clearing House Interbank Payments System to discourage late-in-the-day payments.

Subject: Asset and liability management, Banking, Credit, Financial markets, Liquidity, Money, Payment systems

Keywords: card payment scheme, CHIPS balance, CHIPS business committee, CLS Bank, CR, Credit, daylight overdraft, Europe, ISCR, late-in-the-day payment, Liquidity, overdraft, parent Clearing House, Payment systems, payments service, value

Pages:
23
Volume:
2010
DOI:
https://doi.org/10.5089/9781455206629.002
Issue:
122
Series:
Country Report No. 2010/122
Stock No:
1USAEA2010004
ISBN:
9781455206629
ISSN:
1934-7685

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