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… for an institution to use the services of a particular payment system to exchange, clear and/or settle payments on its own account or for customers …
… Queuing arrangements in a payment system, where queued payments are released as part of a bilateral or multilaterally off-setting of payments. The use of the queue and the off-sets reduces the …
… wire system that facilitates the transfer of high-value payments between participating financial institutions in real-time with finality of payment and settlement. …
… Expedited Retail Payment Systems are retail payment systems that are integrated into core payment systems, which have direct central bank involvement …
… Payment Systems Directive, issued by the European Commission …