Almaty Technical University

PAYMENT SYSTEM
RISKS, HOW TO
MINIMIZE THEM.
Made by: Baidauletova Aigerim

2021
Risk
Risk is the value expression of a probabilistic event
leading to the loss of a part of the bank's
resources, loss of income or additional expenses
as a result of financial transactions
Effective payment systems, being one of the main components
of the financial system of any state, play a crucial role in its
economic development.
The publication of the Committee on Payment and Settlement Systems of
the Bank for International Settlements provides a list of risks that the
payment system may face

credit risk legal risk operational risk systemic liquidity

risk risk
 Credit risk is often associated
with the default of one of the
settlement participants and
includes the risk of losing a
sum of money and the risk of
unrealization of benefits due
to non-fulfillment of the
terms of the contract. Such a
risk lies in the fact that the
monetary obligation will not
be fully fulfilled either at the
time of the due date or during
credit risk the entire subsequent period
 liquidity risk
The liquidity risk lies in the probability
that the obligation will be paid not at the
time set by the contract, but at some
point in the future. In this case, despite
the fact that the lender of the
transaction will eventually receive the
amount due, the delay in payment may
negatively affect its financial position,
force the use of additional sources of
liquidity and, consequently, cause
damage.
 Legal risk is
referred to as
financial risk,
arising from the

uncertainty of
legislation, which
may entail credit
risk or liquidity
legal risk risk.
 Operational risk implies the
risk associated with
operational factors, such as
technical overlaps or
operational errors, which can
also entail both credit and
liquidity risk.
Operational risk
 Systemic risk
Systemic risk is a risk when one
participant's failure to fulfill his
monetary obligations leads to financial
difficulties for other participants and
can cause a chain reaction of non-
payments. Ultimately, the functioning
of this payment system may be
disrupted, and in particularly severe
cases, the stability of the entire
financial mechanism.
To minimize such risks, the Committee
on Payment and Settlement Systems of
the Bank for International Settlements,
which the system must comply with and
which it should adhere to.

The system should have a well-developed legal framework in all

relevant jurisdictions.
The rules and procedures of the system should give participants
a clear idea of the impact of the system on each of the financial
risks that they bear by virtue of participation in the system
 The system should provide a high degree of security and operational reliability and have
duplicate procedures for the timely completion of data processing per day.

The means of making payments offered by the system should be practical for users and
effective for the economy.

системой System management procedures should be effective, transparent and

transparent.

The key principles underlie the creation of a secure and efficient structure and functioning
of systemically important payment systems everywhere in the world.

In addition, the above-mentioned special report identifies four main tasks of the central
bank in the application of these key principles.
Thank you for your attention!