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Title
Liquidity-saving mechanisms in collateral-based RTGS payment systems.
Abstract
The article explores the liquidity-saving mechanisms (LMS) in collateral-based real time gross settlement systems (RTGS) payment systems in Great Britain. It explains that the collaterized system payment behavior does not affect the cost of the intraday overdraft once the collateral is pledged with the central bank. It indicates that the payment system with an LMS performs better than a payment system without the facility of offset payments.