4th Growth and Resilience Dialogue with Social Partners Presentation

Eastern Caribbean Central Bank

• A Large Value Payment System is a funds transfer system that typically handles large value and high priority payments. • The LVPS is very important because of the risks that it can bring to bear on the financial system. • The main risk in an LVPS is normally settlement risk. • Most central banks have introduced a Real Time Gross Settlement(RTGS) in the LVPS to reduce settlement risk. • Reviewing the RTGS.