The institution controls the settlement risk of its participation in interbank payment and securities settlement systems, analysing and controlling as credit the exposure created when it credits a customer before a payment is final during the settlement lag, understanding that real-time gross settlement systems such as Fedwire carry finality on receipt while queued CHIPS payment details are not final, and managing principal risk, loss-sharing provisions and the further settlement considerations the booklet describes.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.