Завершение расчетов в деньгах центрального банка как инструмент обеспечения бесперебойности функционирования платежной системы

Банковское дело. 2021. № 11. С. 55–61.

Larionov A., Ларионова Е. С.

The study reveals an approach to ensuring the smooth functioning of the payment system using central bank money when completing settlements. If there is a lack of funds on the account of a participant in the payment system, the probability of the implementation of credit risk and liquidity risk increases, which can lead to the occurrence of consequences associated with the implementation of systemic risk in the payment system. The insolvency of one of the participants of the payment system entails the impossibility of timely fulfillment of obligations based on the results of payment clearing, which may negatively affect the state of the payment system, and the financial performance of its individual participants, to whom the obligations remained unfulfilled. In the situation under consideration, it is necessary to ensure the use of additional methods for completing calculations. The fulfillment of the obligations of an individual participant is possible using the funds of the settlement center. During periods of significant volatility in the financial market, the settlement center may not have enough available funds, which determines its need to attract funds from other financial market participants, in particular the central bank.

Keywords: риски, бесперебойность функционирования платежной системы, smooth functioning of the payment system