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Planned Enhancements Supporting Implementation of Payment System Risk (PSR) Policy Revisions The Federal Reserve has 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. Leading up to implementation of the revised PSR policy in late 2010 or early 2011, this document will be updated and other supplementary information, such as technical specifications, will become available. 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. Planned revisions to the PSR Policy are contained in the Federal Reserve Board of Governor's press release dated December 19, 2008. |
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