Research On Risk Management Of China’s Payment And Settlement System

Payment and settlement which is one of the financial arrangements to realize debt settlement and transfer of funds, is composed of funds transfer rules, mechanism providing payment and settlement services, means achieving payment instruction transfer and fund settlement. A safe and efficient system of payment and settlement is advantageous to avoid financial risk. The form of expression of the payment and settlement system risks have certain relationship with financial risk which also shows to a certain extent through payment and settlement system risks especially the liquidity risk and credit risk. Because of this, researching of risk management of payment and settlement system has the important theory significance to analyze and prevent financial risk. In addition,"Law of the People’s Bank of China" gives our central bank the duty of organizing the liquidation and maintaining security and stability of payment and settlement. In order to adapt to the market economy reform, building a modern and efficient payment and settlement system is also an important task for the People’s Bank of China. Along with the deepening of financial reform in our country, the modernization of the payment and settlement has become an important part of financial infrastructure. It not only directly affects the safety and efficiency of social economy benefit and reputation of bank system, but also impacts on financial stability, economic order and national security. After years of development, China’s payment system realizes the payment instructions to the electronic transmission instead of traditional original manual and postal delivery way. With the rapid development of social economy as the financial reform continued to deepen, along with the financial market is increasingly perfect, as the mode of payment of constant innovation, the payment system is faced with various risks. At the same time, the relation risk that poses a threat to the system steady operation and the normal business processing is increasingly conspicuous along with China’s payment and settlement of continuous development. Based on the in-depth analysis of the payment and settlement risk management status, combined with the advanced experience of foreign countries in the payment and settlement risk management, this article provides the related countermeasures for our payment system risk management.