De Nederlandsche Bank Eurosyst eem The Eurosystem, the Dutch payment system and the Macedonian payment system Thijs Kettenis and Paul Osse Conference Financial Sector of Macedonia on Payments and Securities Settlement Systems Ohrid 23 June 2008 De Nederlandsche Bank
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The Eurosystem, the Dutch payment system and the Macedonian payment system
De Nederlandsche Bank. The Eurosystem, the Dutch payment system and the Macedonian payment system Thijs Kettenis and Paul Osse Conference Financial Sector of Macedonia on Payments and Securities Settlement Systems Ohrid 23 June 2008. Contents. - PowerPoint PPT Presentation
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De Nederlandsche Bank Eurosysteem
The Eurosystem, the Dutch payment system and the Macedonian payment system
Thijs Kettenis and Paul Osse Conference Financial Sector of Macedonia on Payments and Securities Settlement Systems
Ohrid 23 June 2008
De Nederlandsche Bank
De Nederlandsche Bank Eurosysteem
Contents Objective of the presentation The Dutch payment system
overview roles of DNB large value payments retail payments securities settlement
Payments in the euro area large value payments retail payments payment systems of EBA
Important similarities and differences with the Macedonian payment system
Questions
De Nederlandsche Bank Eurosysteem
Objective presentation
In the first part of the presentations the payment system in the Eurosystem and Dutch system will be highlighted. To support the practicable usability of this information this presentation will show:the main concepts of the EU and the Dutch payments and securities system;
an overview of the important similarities and differences with the Macedonian payment and securities system.
De Nederlandsche Bank Eurosysteem
Overview: infrastructure in the Netherlands
Central bank About 100 banks; 3700 branches 1 Automated Clearing House (Equens) for retail
payments 1 RTGS large value payment system linked to with other
EU central bank payment systems (TARGET2) Securities: trading: Euronext Amsterdam
clearing: LCH.Clearnet, EMCFsettlement: Euroclear Nederland
De Nederlandsche Bank Eurosysteem
Payment Pyramid
Non-bank financial institutions/corporates /
private persons
Bank BankBank BankBank
DNB-TOP(settlement)
Equens(clearing)
De Nederlandsche Bank Eurosysteem
Payments: different roles DNB
Operator - Cash - Large value payment system: TARGET2 - Settlement of cash leg in securities settlement systems
Overseer - Payment systems - Payment products
Catalyst
De Nederlandsche Bank Eurosysteem
TARGET2
Large value payment system:• Large interbank payment transactions