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.

systemic risk

The risk that the inability of one or more participants to perform as expected will cause other participants to be unable to meet their obligations when due.

Updated: 16 Apr 2012

Source documents

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systemic risk

The risk that the inability of one or more participants to perform as expected will cause other participants to be unable to meet their obligations when due.

Updated: 16 Apr 2012

Source documents

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