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… Those who use, or are likely to use, services provided by payment systems (e.g. consumers, businesses, government) …

… Commonly understood to mean the process of transmitting, reconciling and, in some cases, confirming payment orders prior to settlement, possibly including the netting of instructions and the establishment of final positions for settlement. For the purposes …

… An act that discharges obligations in respect of funds between two or more parties. For ACSS, it means the payment of clearing balances. …

… The delivery and receipt of payment instructions, which would result in a debit and credit being posted …

… High Value Payment Systems; a set of instruments and procedures that …

… An arrangement in payment systems whereby participants in one category require the services of participants in another category to exchange and/or settle transactions on …

… Payment systems characterized by bilateral exchanges made …

… for Financial Market Infrastructures – the global risk standards established by the CPSS/CPMI and IOSCO for regulating payment and security clearing and settlement systems. …

… Payment systems characterized by bilateral exchanges made …