Based on general knowledge

Blog

Big image

Specific diseases and patients

Noting primii8 account balances volatility for participants in the payment system and bilateral transactions, we consider that during 13 to 30 October 2008, characterized, moreover, by a high instability of the global financial system has been a reduction in the resources Financial but not an increase in credit risk perceived by the participants. In order to conclusions, it was quantified the frequency with which participants have placed orders in the system, and volatility (Grafic7 and 8). The data do not indicate a significant change in behavior of participants for the period 13 to 31 October 2008.

The results should be analyzed with caution because many factors can queue management lead to random changes in the frequency with which participants queuing system solution enter orders into the system, without regard to the liquidity available. Further, the payment system has undergone further analysis of the stress test. The two scenarios considered one of medium intensity (Section 3) and the other high intensity (Section 4) seeks payment system ability to absorb liquidity shocks induced by operational incidents.

Period 13- 31 October 2008 in cele2 distinct scenarios is analyzed as it provides important information relating to the payment system behavior in times of increased pressure on financial resources. Based on available liquidity at the beginning of the day for each participant in the payment system (credit institutions and queuing system solution the State Treasury) and payment orders that they placed in the system simulator replicated the payment system. Simulator applied FIFO (first in first out) payments and runs automatically at the end of the queue management day all outstanding payments, these payments may be deferred (carried over) the next day.

The scenario involving a liquidity shock of medium intensity and assumptions are: the participants in the payment system can only use the resources available in queue management your account at the beginning of the day and the amounts they receive from other participants; In this scenario we want to determine whether participants in ReGIS had liquidity insufficient and failing to identify to what extent they used the additional resources and what was the impact of liquidity deficit on the functioning of the payment system. Liquidity used means financial resources actually used by queue management participants to settle payments. They are much lower total value of transactions because the resource recycling system allows for more transactions with the same amount of cash.

Of financial resources is an indicator of the efficiency of the payment system in terms of reducing rates on the liquidity or the opportunity cost of holding cash, queue management but a high degree of recycling of resources may trigger vulnerabilities where a restriction sudden liquidity.
Big image
HBT 2012: Disappointed with the organizers.