Payment and Settlement Systems Explained in New Edition of Red Book

The BIS’s Committee on Payment and Settlement Systems (CPSS) has issued a new edition of its reference work on payment arrangements in various countries, widely known as the ‘Red Book’. It is now available on the BIS website. The new edition of the Red Book, Payment And Settlement Systems In Selected Countries, is a further step in understanding the way payment systems, including securities settlement systems, work in the countries represented in the CPSS. The latest edition of the Red Book revises and enhances the previous edition, published in 1993. The coverage of different segments and developments in payment systems and securities settlement systems has been broadened. In addition to individual country chapters, this edition also contains a chapter on international payment arrangements and a more comprehensive glossary.


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