Payments
Payments, clearing and settlement.
OMNL may administer payment, clearing and settlement capabilities only where authorised and subject to resilience, cybersecurity, reconciliation and settlement-finality controls. The public root already publishes the framework boundary even where participant and finality records remain unpublished.
FMI disclosure boundary
Current public framework
| Field | Status | Disclosure |
|---|---|---|
| System operator | Conditional | OMNL may operate infrastructure only where authorised; no external FMI recognition is asserted. |
| Participants | Not published | Participant eligibility/register not published. |
| Settlement asset | Not published | Settlement-asset definitions require authority and currency framework. |
| Settlement finality | Not published | Procedures must identify finality moment, reversal rules, exceptions and governing authority. |
| Risk controls | Framework published | Cybersecurity, operational resilience, transaction integrity, reconciliation, continuity and recovery required. |
| PFMI alignment | Draft matrix published | Formal self-assessment remains pending. |
PFMI-style matrix
Public control backlog
| Principle area | Current public state | Backlog item |
|---|---|---|
| Legal basis | Legal authority sources published; finality law/forum not published. | Settlement-finality rule and legal opinion. |
| Governance | Governance pages and delegation register published. | Operator governance roster and incident escalation owners. |
| Credit/liquidity risk | Reserve and liquidity frameworks published. | Quantitative limits, stress assumptions and funded fallback plan. |
| Settlement | Settlement asset and finality status pending. | Define finality moment, reversal conditions and exception handling. |
| Default management | No participant default procedures published. | Participant rulebook and default waterfall. |
| Operational risk | DBIS oversight and security controls published. | RTO/RPO metrics, cyber assurance and resilience test summary. |
| Access and participation | No participant register published. | Eligibility, onboarding, suspension and termination rules. |
| Transparency | Public pages, data exports, checksums and revision logs published. | Formal PFMI disclosure report. |
Settlement gaps
What still needs to be published
| Required item | Status | Public disclosure needed |
|---|---|---|
| Settlement-finality rule | Not published | Define the legal finality moment, reversals and exceptions. |
| Participant register | Not published | Eligibility, onboarding, suspension and termination rules. |
| Default waterfall | Not published | Participant default management and loss allocation. |
| PFMI disclosure report | Not published | Formal self-assessment or disclosure report. |
| RTO/RPO metrics | Not published | Recovery objectives and resilience test summary. |
Public notice
Settlement backlog notice
Open the settlement backlog notice for the current disclosure boundary and remaining publication items.