Bank on payment splitting
A Bank of England paper published on Thursday examines the impact payment splitting has on the liquidity requirements and efficiency of Chaps, the United Kingdom's large-value payment system.
Payment splitting refers to the process where any payment that exceeds a pre-set threshold value is split into equal-sized pieces before being settled.
Edward Denbee and Ben Norman, the paper's authors, use the Bank of Finland Payment and Settlement Simulator and real UK payments data to test whether
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