Thailand: Financial Sector Assessment Program: Detailed Assessment of Observance of CPSS Core Principles for Systemically Important Payment Systems

International Monetary Fund

No 2009/149, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on a detailed assessment of observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems in Thailand. This assessment covers the Bank of Thailand Automated High-Value Transfer Network (BAHTNET), which is a real-time gross settlement (RTGS) system. The assessment reveals that there is no explicit legislation for payment systems in Thailand. However, the legal basis for BAHTNET and payment transfers executed in this system is defined by a set of laws, regulations, and contractual arrangements.

Keywords: ISCR; CR; BAHTNET IT; payment; BAHTNET regulation; BOT oversight responsibility; BOT objective; BOT oversight function; BOT oversight policy; BOT self-assessment; BOT web; request BAHTNET participant; access criteria; governance arrangement; business feature; BAHTNET terminal; BAHTNET observance; BAHTNET access rule; BAHTNET participant; BAHTNET network; Trade balance; Payment systems; Liquidity risk; Core Principles for Systemically Important Payment Systems; Legal support in revenue administration; Global (search for similar items in EconPapers)
Pages: 25
Date: 2009-05-15
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