The fifth essential necessity is ‘SECURITY’. This is perhaps the central  pivotal requirement since the entire world of today is grappling with issues relating to cyber security. It is of utmost importance that the risk management practices to ensure smooth clearing and settlement (settlement guarantee fund, default fund, line of credit, margins, debit caps, etc.)
are implemented with a conservativeness in approach and ruthlessness in implementation across each and every product. There have been incidents involving misuse of the payment systems / networks to defraud the participant institutions and / or their customers.