On 7 October 2021, the Committee on Payments and Market Infrastructures (CPMI) issued a call for ideas on payment-versus-payment (PvP) mechanisms.

As part of the G20 cross-border payments roadmap, the CPMI is developing proposals for increased PvP adoption by encouraging enhancements to existing PvP arrangements and/or the design of new public and/or private sector solutions. As a starting point, the CPMI is inviting interested parties to share their views on future solutions to expand PvP settlement to a wider range of transactions.

The deadline for responding to the call for ideas is 12 November 2021.

The CPMI will hold a Q&A workshop for engaging parties to ask follow-up questions on this request before submitting their responses. The workshop is scheduled for 5 November 2021 at 13:00 – 14:00 CET via WebEx. Parties wishing to be invited to the workshop should e-mail a request to cpmi@bis.org with “PvP Workshop” in the subject line by 2 November 2021.