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Assessment of Kronos. According to Core Principles for Systemically Important Payment Systems

Danmarks Nationalbank oversees systemically important payment and settlement systems to ensure the safety and efficiency of these systems. The oversight function involves assessing the systems' observance of international standards and recommendations. Kronos is Danmarks Nationalbank's real-time gross settlement (RTGS) system for the settlement of payments in Danish kroner on behalf of banks and mortgage banks in Denmark. The objective of this report is to assess whether Kronos observes the ten Core Principles for Systemically Important Payment Systems, CPSIPS.