DEFINITION of 'Committee On Payment And Settlement Systems - CPSS'

A committee made up of the central banks of G10 countries that monitors developments in payment, settlement and clearing systems in an attempt to contribute to efficient payment and settlement systems, and build strong market infrastructure. The CPSS was created in 1990, and its secretariat is hosted by the Bank for International Settlements.

BREAKING DOWN 'Committee On Payment And Settlement Systems - CPSS'

The Committee on Payment and Settlement Systems undertakes its work through specific studies by working groups as required, and publishes reports on its findings. The committee also extends its work outside of the G10 countries by creating relationships with the central banks in many emerging market economies.

RELATED TERMS
  1. Settlement Risk

    The risk that one party will fail to deliver the terms of a contract ...
  2. Real Time Gross Settlement - RTGS

    The continuous settlement of payments on an individual order ...
  3. Settlement Period

    The period of time between the settlement date and the transaction ...
  4. Window Settlement

    A form of settlement between dealers whereby trades are settled ...
  5. Threshold List

    A daily public accounting of market settlement system failures ...
  6. Bilateral Credit Limit

    Intraday credit limits set by two institutions for use with one ...
Related Articles
  1. Insights

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  2. Investing

    What is a Settlement Date?

    A settlement date is the day a security trade must be settled.
  3. Personal Finance

    A Guide To Debt Settlement

    Find out how you can negotiate your way to a lower debt load by paying up front.
  4. Managing Wealth

    Profit From Unwanted Life Policies With Life Settlement

    With a life settlement you could cash in on your policy money now.
  5. Taxes

    The Truth About IRS Tax Settlement Firms

    These companies claim that they can reduce or even eliminate what you owe to the IRS. Find out the facts behind this alluring fiction.
  6. Investing

    Justice Offers Deutsche Bank a $14B Settlement

    It seems like it's soon to be Deutsche Bank's (NYSE: DB) turn on the regulatory wheel of punishment. A report published in The Wall Street Journal, citing "people familiar with the matter," ...
  7. Investing

    Credit Suisse to Pay $5.3 Billion to End MBS Suit

    For the second time in as many days, a major European bank has reached a financial settlement with the U.S. Justice Department. Credit Suisse (NYSE: CS) will pay a total of nearly $5.3 billion ...
  8. Insurance

    4 Tips for Negotiating an Insurance Settlement

    It is possible to negotiate your own insurance settlement, especially when the injuries are relatively minor and the other party’s fault is obvious.
  9. Managing Wealth

    An Introduction To Life Settlements

    A life settlement is the trading of a life insurance policy under specific circumstances. Learn what it's all about.
  10. Tech

    The Top Alternative Investments for 2016

    What are some of the best outside-the-box investment ideas for 2016? The answers may surprise you.
RELATED FAQS
  1. How will debt settlement affect my credit score?

    Learn how a debt settlement arrangement, though sometimes the best option to eliminate an outstanding debt, can negatively ... Read Answer >>
  2. When is a share purchase marked as 'settled' by a brokerage?

    Understand the process of purchasing stock, including ordering, clearing and settlement, and learn when a stock trade is ... Read Answer >>
  3. Do I own a stock as of the trade date or the settlement date?

    When it comes to buying shares, there are two key dates involved in the transaction. The first date is the trade date, which ... Read Answer >>
  4. Will a debt settlement program affect my credit score?

    Understand the impact of negotiating debt settlements on your credit score, and learn what factors determine the size of ... Read Answer >>
  5. What do T+1, T+2 and T+3 mean?

    Whenever you buy or sell a stock, bond or mutual fund, there are two important dates of which you should always be aware: ... Read Answer >>
Trading Center