Nikil Chande - Latest

• December 21, 2006

  Credit in a Tiered Payments System

  Financial System Review - December 2006 Alexandra Lai, Nikil Chande, Sean O'Connor

  Content Type(s): Publications, Financial System Review articles

• Credit in a Tiered Payments System

  Staff Working Paper 2006-36 Alexandra Lai, Nikil Chande, Sean O'Connor

  Payments systems are typically characterized by some degree of tiering, with upstream firms (clearing agents) providing settlement accounts to downstream institutions that wish to clear and settle payments indirectly in these systems (indirect clearers).

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Financial services, Market structure and pricing, Payment clearing and settlement systems JEL Code(s): G, G2, G21, L, L1, L12, L13, L2, L22