CPMI Publications

The CPMI publishes analytical reports that explore various issues related to payment, clearing and settlement systems.

Displaying 41-50 of 278
Publication CPMI Other 09 Sep 2022
Harmonisation of ISO 20022: partnering with industry for faster, cheaper, and more transparent cross-border payments
With most of the world's payment systems adopting ISO 20022 by 2025, the coming years will be crucial for converging on a harmonised use of the messaging standard to fully leverage its potential to make cross-border payments faster, cheaper and more…
Publication CPMI Papers No 210 08 Sep 2022
Client clearing: access and portability
The client clearing process facilitates access to central counterparties (CCPs), particularly for firms – known as 'clients' – that are not direct participants in a CCP and must rely on intermediaries to indirectly clear their trades.
Publication CPMI Papers 07 Sep 2022
Liquidity bridges across central banks for cross-border payments
This report provides a practical framework for central banks in considering the potential design and feature choices of central bank liquidity bridges.
Publication CPMI Papers 04 Aug 2022
A discussion paper on central counterparty practices to address non-default losses
The purpose of this discussion paper is to facilitate the sharing of existing practices to advance industry efforts and foster dialogue on central counterparties' (CCPs) management of potential losses arising from non-default events (ie non-default losses…
Publication CPMI Papers 29 Jul 2022
Facilitating increased adoption of payment versus payment (PvP) - consultative report
This consultative report - issued as part of the G20 cross-border payments programme - focuses on facilitating increased adoption of payment versus payment (PvP) to reduce foreign exchange settlement risk and improve cross-border payments...
Publication CPMI Other 21 Jul 2022
Can multilateral platforms improve cross-border payments?
For decades, cross-border payments were the forgotten corner of the world's financial plumbing. But in 2020, the G20 countries decided, as a global priority, that these payment systems should be improved, acknowledging that people and economies worldwide…
Publication CPMI Other 14 Jul 2022
Central bank liquidity bridges for cross-border payments
The G20 cross-border payments programme has identified funding costs as contributing to the high cost of cross-border payments. This partly reflects the cost of banks' fragmented holdings of liquidity and collateral in different currencies across multiple…
Publication CPMI Papers 13 Jul 2022
Application of the Principles for Financial Market Infrastructures to stablecoin arrangements (final version)
The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) publish their guidance on the application of the Principles for financial market…
Publication 11 Jul 2022
Options for access to and interoperability of CBDCs for cross-border payments
Joint report to the G20 by the Bank for International Settlements' Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank.
Publication CPMI Papers 08 Jul 2022
Interlinking payment systems and the role of application programming interfaces: a framework for cross-border payments
This report - issued as part of the G20 cross-border payments programme - provides a framework to help payment system operators and authorities understand and evaluate the benefits, challenges and risks of interlinking arrangements...

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