| Title |
Modelling, simulation and optimisation of interbank settlements |
| Another Title |
Tarpbankinių atsiskaitymų modeliavimas, imitavimas ir optimizavimas. |
| Authors |
Bakšys, Donatas ; Sakalauskas, Leonidas |
| Full Text |
|
| Is Part of |
Informacinės technologijos ir valdymas = Information technology and control.. Kaunas : Technologija. 2007, t. 36, Nr. 1, p. 43-52.. ISSN 1392-124X. eISSN 2335-884X |
| Keywords [eng] |
interbank payments ; settlements ; modelling of interbank settlements ; optimisation of settlement costs |
| Abstract [eng] |
Interbank payment and settlement systems establish conditions for the circulation of financial funds in the market and guarantee the distribution of assets. Non-cash payments are intensively growing in the payment and settlement market. Modern electronic systems of interbank payments are introduced to satisfy this need. Interbank payment and settlement sector is very sensitive to changes in the market. This calls the demand to foresee adaptation of the payment and settlement system in the dynamic environment. The technological renewal of the payment and settlement system was aimed at increasing fund turnover as well as complying with the requirements applied with regard to payment systems. Such challenges make the subject of modelling and analysis of financial flows topical in interbank systems. The article presents a stochastic model for the interbank payment and settlement system and analyses possibility for optimisation of system costs. The results of application of the model developed to the analysis of the real flow of payments in the payment system are given. |
| Published |
Kaunas : Technologija |
| Type |
Journal article |
| Language |
English |
| Publication date |
2007 |
| CC license |
|
