Home  Journals  Financial Analytics: Science and Experience  30(72) - 2011 August

Modeling of clearing and settlement operations in payment systems

Available online: 22 August 2011

Subject Heading: The banking sector

JEL Classification: 

The article is devoted to modeling of settlement relations and their description in the form of matrix mathematical objects, graphic and tabular images. The matrix way of expressing settlement methods is aimed at formalizing clearing and settlement operations carried out in payment systems. Payment instructions and settlement methods are presented as a system of vector-matrix formulas which can be useful for the uniform understanding of functional characteristics in clearing and settlement operations.

Keywords: clearing, simulation, system, tool, payment, order, transaction, operation

View all articles of issue

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1 March 2024

Archive