SIMULATION OF MULTILATERAL CLEARING IN PAYMENT SYSTEMS

Author(s): Kirsanov Alexander Petrovich, Alexey Kuznetsov Andreevich, Papsheva Irina Andreevna

Rubric: Economy

Release: 2014-2 (8)

Pages: 52-57

Keywords: netting, multilateral clearing, payment systems, simulation

Annotation: This article is devoted to the problem of reducing gross payments between settlement participants by clearing or netting arrangements. Matrix and graph models are developed and used to describe set of payments. The main features of these models which can be found in actual payment systems are analyzed in this work. Using simulation modeling it is investigated the efficiency of the clearing process for various initial matrixes of gross payments

Bibliography: Kirsanov AL.PE., Alexey KU.AN., Papsheva IR.AN. SIMULATION OF MULTILATERAL CLEARING IN PAYMENT SYSTEMS // Economics and Management. – 2014. – № 2 (8). – С. 52-57. doi: