Intraday Credit: Risk, Value, and Pricing
12 Pages Posted: 27 Oct 2012
Date Written: 1987
Abstract
Electronic payment networks are of value because they provide certainty of payment, security, timeliness, and low cost relative to the dollar value transferred.
Suggested Citation: Suggested Citation
Humphrey, David B. and Mengle, David and Summers, Bruce J., Intraday Credit: Risk, Value, and Pricing (1987). FRB Richmond Economic Review, vol. 73, no. 1, January/February 1987, pp. 3-14, Available at SSRN: https://ssrn.com/abstract=2125276
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