Audit
Business Continuity Planning
Development and Acquisition
E-Banking
Information Security
Management
Operations
Outsourcing Technology Services
Retail Payment Systems
Supervision of Technology Service Providers
Wholesale Payment Systems

• INTRODUCTION
• INTERBANK PAYMENT AND MESSAGING SYSTEMS
  • Fedwire and Clearing House Interbank Payments System (CHIPS)
    • Fedwire Funds Service
    • CHIPS
  • Other Clearinghouse, Settlement, and Messaging Systems
    • National Settlement Service (NSS)
    • Society for Worldwide Interbank Financial Telecommunication (SWIFT)
    • Telex-based Messaging Systems
    • Continuous Linked Settlement (CLS) Bank
• 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
    • Payment Messaging Systems
    • In-house Terminals
    • Non-automated Payment Order Origination
  • Funds Transfer Operations (Wire Room)
    • Computer and Network Operations Supporting Funds Transfer
• WHOLESALE PAYMENT SYSTEMS RISK MANAGEMENT
  •      Payments System Risk (PSR) Policy
  • Reputation Risk
  • Strategic Risk
  • Credit Risk
    • Customer Daylight Overdrafts
    • Settlement Risk
  • Liquidity Risk
  • Legal (Compliance) Risk
  • Operational (Transaction) Risk
    • Internal and Operational Controls
    • Audit
    • Information Security
    • Business Continuity Planning (BCP)
    • Vendor and Third-Party Management
• APPENDIX A: EXAMINATION 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