Payment and Settlement system at

SBP
• BSC focuses on stability and efficiency of the
payment and settlement system.
• its aim is to provide
– adequate liquidity and
– effective money transmission mechanisms to
meet the needs of the national economy.
 ELEMENTS OF PAYMENT SYSTEM
• Payment instruments
• Banking procedures
• Inter-bank fund transfer system
 SIGNIFICANCE OF PAYMENT SYSTEM
• Increasing demand for rapid settlements
• conformity with best international practices
• central bank is to ensure the irrevocability and
finality of payments
• BSC has been providing clearing and
settlement services
 Clearing Services
• BSC oversee the processing of financial
instrument by NIFT
• NIFT is actively involved in the modernization
of payment systems in the country
Clearing cycle