Number: RL33639
Title: Sources of Systemic Risk in Large Value Interbank Payment Systems
Authors: Edward Vincent Murphy, Government and Finance Division 
Abstract: This report focuses on large value transactions between financial institutions. It describes the emergence of bank-owned and public systems, provides background on sources of economic risk, and details the features of Fedwire, CHIPS, and SWIFT that relate to these issues.
Pages: 11
Date: September 12, 2006