Assessment of the Sumclearing

Authors Danmarks Nationalbank
Subject Payment and settlement systems
Type Other Publications  
Year 2012
Published 19 April 2013
Abstract icon 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. The objective of this report is to assess whether the Sumclearing observes the ten Core Principles for Systemically Important Payment Systems, CPSIPS. The Sumclearing is the Danish system for settlement of retail payments such as Dankort payments, credit transfers and Betalingsservice (direct debit) transfers. The report entails a description of the Sumclearing and a presentation of the ten principles.