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Managing Intraday Liquidity: The Mexican Experience

Managing Intraday Liquidity: The Mexican Experience

Biliana Alexandrova-Kabadjova, Francisco Solís-Robleda
Copyright: © 2013 |Pages: 18
ISBN13: 9781466620117|ISBN10: 1466620110|EISBN13: 9781466620124
DOI: 10.4018/978-1-4666-2011-7.ch008
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MLA

Alexandrova-Kabadjova, Biliana, and Francisco Solís-Robleda. "Managing Intraday Liquidity: The Mexican Experience." Simulation in Computational Finance and Economics: Tools and Emerging Applications, edited by Biliana Alexandrova-Kabadjova, et al., IGI Global, 2013, pp. 143-160. https://doi.org/10.4018/978-1-4666-2011-7.ch008

APA

Alexandrova-Kabadjova, B. & Solís-Robleda, F. (2013). Managing Intraday Liquidity: The Mexican Experience. In B. Alexandrova-Kabadjova, S. Martinez-Jaramillo, A. Garcia-Almanza, & E. Tsang (Eds.), Simulation in Computational Finance and Economics: Tools and Emerging Applications (pp. 143-160). IGI Global. https://doi.org/10.4018/978-1-4666-2011-7.ch008

Chicago

Alexandrova-Kabadjova, Biliana, and Francisco Solís-Robleda. "Managing Intraday Liquidity: The Mexican Experience." In Simulation in Computational Finance and Economics: Tools and Emerging Applications, edited by Biliana Alexandrova-Kabadjova, et al., 143-160. Hershey, PA: IGI Global, 2013. https://doi.org/10.4018/978-1-4666-2011-7.ch008

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Abstract

The present chapter calculates the liquidity usage of the Mexican Real Time Settlement Payment System, SPEI, during a one month period. In particular, the authors’ interest is to give insight about how payment systems participants manage the settlement of low and large value payment transactions in real-time. To that end, they create an artificial environment, in which they use historical data from April 7 to May 7, 2010, and reproduce the operational conditions of SPEI. All payment instructions that arrived from 9:00 a.m. to 17:00 p.m. each working day are included. For each of these days, the authors arrange the transactions in four sets, delimited according to their value: all payments; payment orders with value higher than 100,000 MXN; transactions with value higher than 1,000,000 MXN; and payments with value higher than 10,000,000 MXN. The authors use a simulation environment to reproduce SPEI’s operational conditions in order to measure the liquidity usage in different settings of settlement speed requirements.

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