The Risk-Control Study About High-Value Payment System Of The Central Bank

As China's socialist market economic development and deepening reform of the financial system, especially in China's accession to the World Trade Organization, financial services industry is facing new situation and new development, the central bank to build a modern payment system is proposed by the increasingly urgent demands. Economic exchange and capital flows become increasingly frequent in different economic agents and regions, urgent development of a market economy requires banks to provide faster and more efficient, safe payment and settlement services to meet the growing demand for socio-economic activities.The People's Bank of China as the organizers and managers in recent years promotes the building of a modern payment system, which includes high-value payment system, small-value payment system, clearing account management system and payment information inquiring system. The development of high-value payment system has significantly improved the operation of payment and settlement, meeting the current trend of international payment system, speeding up the flow of funds rate and reducing settlement risk funds. But compared with developed countries, there is still a gap in system, efficiency, cost and so on .The development of high-value payment system is becoming as the development of payment system, so the chapterⅠintroduces the history of development of payment system, following compared four major payment systems of western developed countries in advantages and disadvantages, ChapterⅢfocuses on the performance payment system in Sichuan province as an example, detailed analyzing four aspects on operation, business, risk type and risk measure. ChapterⅣdiscuses in system risk, liquidity risk, legal risk, credit risk and operational risk and pointes out the corresponding preventive measures. The final chapter gives the optimization advices of current payment system. In my opinion, the paper closely tracking the social hot spots, through the payment system for high-value of research to learn large amounts of mature developed countries of the advanced experience of payment systems, given China's large payment system to improve the direction of sound for the People's Bank of China further Optimization of the construction of China's high-value payment system to provide advice and reference point.