Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/211956
Authors: 
Leinonen, Harry
Soramäki, Kimmo
Year of Publication: 
2003
Series/Report no.: 
Bank of Finland Discussion Papers 23/2003
Abstract: 
The simulation technique provides a new means for analysing complex interdependencies in payment and securities settlement processing. The Bank of Finland has developed a payment and settlement system simulator (BoF-PSS2) that can be used for constructing simulation models of payment and securities settlement systems.This paper describes the main elements of payment and settlement systems (system structures, interdependencies, processing steps, liquidity consumption, cost and risk dimensions) and how these can be treated in simulation studies.It gives also examples on how these elements have been incorporated in the simulator, as well as an overview of the structure and the features of the BoF-PSS2 simulator.
Subjects: 
simulations
simulator
payment systems
clearing/settlement
and liquidity
Persistent Identifier of the first edition: 
ISBN: 
952-462-082-0
Document Type: 
Working Paper

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