FFIEC IT Examination Handbook InfoBase - Wholesale Payment Systems

Wholesale Payment Systems

This Wholesale Payment Systems Booklet (Booklet) is one of several that comprise the Federal Financial Institutions Examination Council (FFIEC) Information Technology (IT) Examination Handbook (IT Handbook).

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Booklet Contents

Introduction
Interbank Payment and Messaging Systems
- Fedwire and Clearing House Interbank Payments System (CHIPS)
  - Fedwire Funds Service
  - CHIPS
- Other Clearinghouse, Settlement, and Messaging Systems
Securities Settlement Systems
- U.S. Government Securities
  - Fixed Income Clearing Corporation (FICC)
  - Fedwire Securities Service
- Corporate and Municipal Securities
  - National Securities Clearing Corporation (NSCC)
  - Depository Trust Company (DTC)
Intrabank Payment and Messaging Systems
- Internally Developed and Off-The-Shelf Funds Transfer Systems
- Funds Transfer Operations (Wire Room)
  - Computer and Network Operations Supporting Funds Transfer
Wholesale Payment Systems Risk Management
Appendix A: Examination Procedures
- Tier I Examination Objectives and Procedures
- Tier II Examination Objectives and Procedures
Appendix B: Glossary
Appendix C: Laws, Regulations and Guidance
Appendix D: Legal Framework for Interbank Payment Systems
Appendix E: Federal Reserve Board Payment System Risk Policy: Daylight Overdrafts
Appendix F: Payment System Resiliency