Revision as of 14:22, 14 January 2010 edit 160.83.30.154 (talk) →OPERATION OF A SIPS ← Previous edit		Revision as of 14:23, 14 January 2010 edit undo 160.83.30.154 (talk) →CORE PRINCIPLES (Summary) Next edit →
Line 12: BIS added an additional recommendation in relation to countries which use cheques. It urged the operators of cheque clearing to have special regard to the fact that cheques may be dishonoured and returned some days after presentation, and this poses special risks. This is particularly relevant to countries such as Britain, Ireland, France, and US and should be regarded as the 11th commandment of payments. ==~~CORE~~Core ~~PRINCIPLES~~principles (Summary)== A Systemically Important Payment Systems (SIPS) should have:-

Systemically Important Payment System: Difference between revisions