Planned Enhancements Supporting Implementation of the Payment System Risk (PSR) Policy Revisions - Updated
In June 2009 the Federal Reserve prepared a paper to outline planned enhancements to its collateral and information systems and procedures, which complement revisions to the PSR Policy1. The Federal Reserve gathered information from several sources, including following up on public comments regarding the revised PSR Policy, to determine which enhancements to pursue to support financial institutions.The document provides a high-level description of current processes and time needed to pledge, revalue, and withdraw collateral for each pledging arrangement and outlines the planned enhancements to these arrangements and collateral information. The document also highlights which changes may have implications to DI systems. Since June 2009, additional information related to these enhancements has become available and modifications have been made to the paper.
If you have questions regarding this document or the revised PSR policy implementation, please e-mail frbdiscountwindow@chi.frb.org.
Link to PSR Policy Revisions Page
1. The revisions to the PSR Policy will be implemented on March 24, 2011 as announced in the Federal Reserve Board of Governor's press release dated September 30, 2010. For more information on the revisions to the PSR Policy see the Federal Register Notice published December 24, 2008.