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- Title
The network topology of CHAPS Sterling.
- Authors
Becher, Christopher; Millard, Stephen; Soramäki, Kimmo
- Abstract
The article provides comprehensive summary of the implication of the Clearing House Automated Payment System (CHAPS) in various banks in Great Britain. CHAPS is designed to facilitate the risks across the financial system. One of the most effective ways to characterize the structure of a payment system is through its network topology. It also discusses the effectiveness the network topology of large-value interbank payment flows in the country.
- Subjects
UNITED Kingdom; CLEARINGHOUSES (Banking); BANKING industry; FINANCIAL management; ELECTRIC network analysis; PAYMENT systems
- Publication
Bank of England Quarterly Bulletin, 2008, Vol 48, Issue 4, p417
- ISSN
0005-5166
- Publication type
Article