Glossary

Updated 17 October 2016

The Committee on Payments and Market Infrastructures (CPMI) provides this glossary of payments and market infrastructure terminology as a reference to the standard terms and definitions used in connection with payment, clearing, settlement and related arrangements. Current definitions are now shown alongside the previous ones. You can generate a PDF version of the glossary here.

single point of failure

Any point in a system, whether a service, activity, or process, that, if it fails to work correctly, leads to the failure of the entire system.

Updated: 16 Jun 2015

Source documents

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unwind
single point of failure

Any point in a system, whether a service, activity, or process, that, if it fails to work correctly, leads to the failure of the entire system.

Updated: 16 Jun 2015

Source documents

 Additional terms that are not included in the main glossary can be found in the previous version of the glossary.