Citi Payments Perspectives
27 Treasury and Trade Solutions Citi Payments Perspectives Global Initiatives Payments Infrastructure Developments Regional Developments (North America) ERP Enterprise Resource Planning Enterprise resource planning refers to a type of software that organizations use to manage day-to- day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. EU European Union EWS Early Warning System EWS is a network intelligence provider open new accounts, get in front of fraud, and move to faster payments. FCY Foreign Currency FI Financial Institutions FIs are business entities that provide services as intermediaries for different types of financial monetary transactions. FMI Financial Market Infrastructure FMIs are regulated, multi-lateral systems operating among participating financial institutions and markets, for the purposes of clearing, settling, or recording payments, securities, derivatives, or other financial transactions that play an integral role in local market or global financial systems. These include payment systems (PS), securities settlement systems (SSS), central securities depositories (CSD), central counterparties (CCP), and trade repositories or trading venues (TR) or other (OTHER) financial market utility providers or infrastructures where their failure to perform as expected impacts the financial market participants from orderly executing financial transactions. FRB Federal Reserve Board The Federal Reserve board oversees supervising and regulating financial institutions and activities. FSB Financial Stability Board The Financial Stability Board is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum. FX Foreign Exchange G20 The Group of 20 The Group of Twenty (G20), a collection of twenty of the world’s largest economies formed in 1999, was conceived as a bloc that would bring together the most important industrialized and developing economies to discuss international economic and financial stability. HVPS High Value Payment System A HVPS is generally used for wholesale, or high value interbank electronic funds transfers. IOSCO International Organization of Securities Commission It is an association of organizations that regulate the world’s securities and futures markets. Members are typically primary securities and/or futures regulators in a national jurisdiction or the main financial regulator from each country. Continued � Global Initiatives Financial Stability Board (FSB) Enhancing Cross-Border Payments Roadmap Emerging Payments and Digital Assets Payments Infrastructure Developments ISO 20022 SWIFT Transformation Instant Payments Financial Market Infrastructure (FMI) Interlinkage Initiatives Regional Developments (North America) Immediate Cross-Border Payments (IXB) TCH Request for Pay (RFP) Bill Pay Latest on Fed/CHIPS ISO Timelines Lynx — Canadian High-Value Payment System Glossary
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