CPSS Releases Updated 'Red Book' on Payment and Market Infrastructures
The Committee on Payment and Settlement Systems (CPSS) has released a new edition of its reference work on payment and other financial market infrastructures in the CPSS countries, widely known as the ‘Red Book’.
The Red Book describes the current payment, clearing and settlement systems in the CPSS countries. The new edition also covers post-trade services more comprehensively than the previous editions, in particular for central counterparties and trade repositories.
Following the enlargement of the CPSS to 24 members in 2009, the new edition is being published in two volumes. The first volume covers 10 countries. The second volume covering the remaining countries is scheduled for release in 2012. It will also include descriptions of various international payment arrangements.