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Monetary & Payments Authority identity
MON / authority
Monetary & Payments Authority

MON / PUBLIC SERVICE NETWORK

Payment Networks

Payment Networks brings together delay-tolerant clearing, local payment resilience and cross-region settlement.

MONauthorityUnion-wide competence

The public purpose

Payment Networks brings together delay-tolerant clearing, local payment resilience and cross-region settlement.

Operational teams

Programme responsibilities

Assessment evidence
Delay-tolerant clearing rule; Local payment continuity plan; Cross-region finality determination
Accountable output
Payment Networks integrated programme finding
Programme custodian
Payment Networks
Independent review
Union Ombudsman

Requests and referrals

Payment Networks / division of work

MON.02.01

Delay-tolerant clearing

Define clearing procedures that remain interpretable when transaction messages arrive out of order.

Accountable output
Delay-tolerant clearing rule
MON.02.02

Local payment resilience

Keep local payments usable when a shared clearing connection fails.

Accountable output
Local payment continuity plan
MON.02.03

Cross-region settlement

Coordinate accepted finality across regional settlement systems.

Accountable output
Cross-region finality determination

Authority for payment networks integrated programme finding

Subject-specific assessment
A delayed instruction reaches the clearing node after a cancellation
Shared legal framework
Monetary & Payments Authority / powers
Handling complaint
Union Ombudsman
Contested legal finding
Union Court of Justice

Choose your route

Office output: Payment Networks integrated programme finding