Distributed ledger in payment, clearing and settlement - an analytical framework
The Committee on Payments and Market Infrastructures has published a report on Distributed ledger technology in payment clearing and settlement. The report provides an analytical framework for central banks and other authorities to review and analyse the use of distributed ledgers in payment, clearing and settlement activities. Market participants may also find the report useful.
The framework focuses on the potential implications for efficiency and safety and for the broader financial markets. The framework is directed primarily at arrangements that involve restricted ledgers (ie access to which is for approved users only), reflecting the main types of arrangement currently being developed in the financial sector, which are of particular interest to the relevant authorities.