Banks from more than 100 countries send payments via Kronos

Analysis - November 2017 - No. 19

Authors Nielsen, Søren Truels
Subject Payments; Payment systems; Financial stability; Risk management; Settlement of payments; Interbank payments; Kronos
Type Analysis
Year 2017
Published 15 November 2017
The analysis describes how banks from all over the world safely and efficiently send Danish krone payments to each other via Danmarks Nationalbank's payment system, Kronos. Most Danish banks have an account at Danmarks Nationalbank and participate directly in Kronos, while many foreign banks participate indirectly through an account holder. It is important that the individual bank considers the risks that both direct and indirect participation entails.