FEDWIRE

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FEDWIRE
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FEDWIRE
????The Federal Reserve Banks operate two core
payment services that support critical U.S.
financial markets the Fedwire Funds Service and
the Fedwire Securities Service. These services
are collectively known as the Fedwire services.
????????FedWire (Federal Reserve Communication
System)????????????????????,??????????????????????
??????(Fedwire Funds Service)???????(Fedwire
Securities Service)
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FEDWIRE????
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FEDWIRE??????12???????25????11??????????
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The Fedwire Fund Service

• Fedwire ??????

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FEDWIRE?????????????????? .
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FEDWIRE????

• 1.????????????????????
• 2.?????????????????,????Fedwire???????
• 3.????????????????,???????????????
• 4.Fedwire???????????????

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Fedwire ????
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Fedwire
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• FEDWIRE SECURITIES SERVICE OPERATING HOURS FOR
• BOOK-ENTRY SECURITIES TRANSFERS
• ON-LINE TRANSFERS
• Opening of the Fedwire Securities Service2 . . .
  . . . . . . . . . . . . 830 a.m.
• Closing Time for Transfer Originations2 . . . . .
  . . . . . . . . . . . . . . 315 p.m.
• Closing Time for Transfer Reversals2 . . . . . .
  . . . . . . . . . . . . . . .330 p.m. Closing
  Time for Repositions Against Payment3 . . . . . .
  . . . . . . .430 p.m.
• Closing Time for Repositions Free of Payment . .
  . . . . . . .. . . . . .700 p.m.
• OFF-LINE INSTRUCTIONS
• Begin accepting instructions . . . . . . . .. . .
  . . . . . . . . . . .. . . . . . . .900 a.m.
• Cut-off for accepting instructions for current
  days processing . .. .130 p.m.
• Cut-off for accepting instructions for future
  days processing . . . . 400 p.m.

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The Fedwire Securities Service

• Fedwire ??????

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Fedwire??????
???? The Fedwire Securities Service means the
electronic facility operated by the Reserve Banks
for maintaining Securities Accounts and for
effecting Transfers.
FEDWIRE????????60???,?????????????(???????????
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??????????????????????????? The Fedwire
Securities system maintains in electronic form
all marketable U.S. Treasury securities, as well
as many federal government agency, government
sponsored enterprise (GSE) and certain
international organizations securities.
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As a participant, you have access to a broad
network of more than 7,600 financial institutions
and government agencies.
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Fedwire??????
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DVP
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Receiver
Reserve Bank
Sender
Transfer Message

• Fedwire Securities Service Automated Claims
  Adjustment Process (ACAP??)
• The Fedwire Securities Service offers the
  capability to automate claims adjustment payments
  among participants. The features facilitate
  adjustments and are referred to as
• Fail Tracking
• Interim Accounting
• Repo Tracking

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• FEDWIRE SECURITIES SERVICE OPERATING HOURS FOR
• BOOK-ENTRY SECURITIES TRANSFERS
• ON-LINE TRANSFERS
• Opening of the Fedwire Securities Service2 . . .
  . . . . . . . . . . . . 830 a.m.
• Closing Time for Transfer Originations2 . . . . .
  . . . . . . . . . . . . . . 315 p.m.
• Closing Time for Transfer Reversals2 . . . . . .
  . . . . . . . . . . . . . . .330 p.m. Closing
  Time for Repositions Against Payment3 . . . . . .
  . . . . . . .430 p.m.
• Closing Time for Repositions Free of Payment . .
  . . . . . . .. . . . . .700 p.m.
• OFF-LINE INSTRUCTIONS
• Begin accepting instructions . . . . . . . .. . .
  . . . . . . . . . . .. . . . . . . .900 a.m.
• Cut-off for accepting instructions for current
  days processing . .. .130 p.m.
• Cut-off for accepting instructions for future
  days processing . . . . 400 p.m.

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FEDWIRE??????
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(No Transcript)
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FEDWIRE???????
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????????????(Daylight Overdraft Fees)

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  ???????,???FEDWIRE??????????????????????
  .???????FEDWIRE?????,???????????????????????(?????
  ?)??????????FEDWIRE???????????????????????????????
  ???????????10?????????

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????(Net Debit Caps)

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????????(Collateral)

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????????????(Condition Monitoring)

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  ????????RMIS???????????????,??????????,???????????
  ?????????????Fedwire???????????RMIS?

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Fedwire????

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• Fedwire??????????( Sender and Receiver )????
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Thank You !