Modern Payment System Risk Prevention Research

Now, it's a period of economic prosperity for China. The economic development depends mainly on the payment system. Capacity transferring needs for payment system. It's just like blood circulating needs for blood vessel. The commodity exchanging and economic activities is based on material (working) and capital movement, while the capital movement relies on the settlement between or within banks.Developed by PBC, CNAPS is a core payment system which is based on the requirement of our payment work. It takes advantage of modern computer technology and communication network to deal the payment operation among different places and within the same cities. As the core establishment, its safety, efficiency and stability determine the safety and efficiency of our whole economic and financial system. So, it is important to build and make use of payment system to protect the fast, efficient and safe payment service. The assurance of CNAPS is not only the requirement of payment service but also the requirement of keeping away the financial risk and sticking up for financial stability.Based on summarizing the background, history and signification of payment system, as well as explaining of the importance of payment service in national economic and financial work, and the limitation of traditional payment system, the thesis infers the necessary of payment system, the limitation of traditional payment system as well as inevitability of building CNAPS. Meanwhile, compared to the developed countries, our payment system is build later. The thesis use developed countries'and areas'for reference to help analyze the potential risks in our payment system, and give proposal to prevent risks in CNAPSThere are three chapters in the thesis.In Chapter One, there is general introduction of Modern payment system. What is payment system? How important it is in the national economic and financial service. What's the real status in China? Simultaneously, it contains the introduction of payment systems in developed countries and areas to seeking for the reference for our payment system.In Chapter Two, there is analysis on the risks existed in CNAPS. Through the research of operation risks, fluency risks, credit risks, and systematic risks, the thesis seeking to propose solution which will be given in next chapter.As the keystone of the thesis, The Chapter Three brings forward the solution to preventing and solving risks in CNAPS. First, it analyzes the formation of risks from legal system, venture consciousness and maintenance system etc., to seek the cause of the risks. Second, it shows the adopted corresponding methods. Paid much attention by central bank, the risks are well controlled by means of hazard-control, security management, etc. but need further improvement. Third, the thesis introduces the methods adopted in other countries and areas. Due to early studies on the payments system, several countries and areas hold sharable experiences. Combined the above analysis with our own station, the thesis the thesis brings forward the recondition suggestions aim at our own NAPS: constitute and perfect regulations and rules to prevent legal risks; take uses of efficient methods to prevent systematic risks; consummate and circulate maintenance system to ensure the safety and stability of circulation; develop payment manage information system and operation monitor system. Last but not the least, it prospects the future of our modern payment system, and shows the author's confidence of the health development on the CNAPS.