15.1.8 Intraday Throughput

This metric calculates the percentage of payments that are settled at each time bucket during the day. It is calculated only in the case of banks that are Direct Participants in a payment system.

The application calculates the throughput for both payments made and payments received at every 15 minutes and 30 minutes for throughput reports.

The following steps are involved in calculating this metric:

1. The application calculates the cumulative cash outflows and inflows at each one hour time band.
2. The cumulative outflows and inflows in each band are divided by the total cash outflow /inflow respectively during the day.

   The following is an example for this metric:

   A bank has the following intraday transactions that occurred in the payment and settlement system.

   Table 15-8 Example – Intraday Throughput

   Cash Flow Timing	Payments Received	Payments Made
   9:00	223
   9:30		19
   10:00	95
   10:15		223
   10:45		99
   11:00		108
   12:00	400
   12:35	22
   14:00		10
   14:05	5
   14:20		45
   15:00		379
   15:30	102
   17:00		11

   As per the illustration, Intraday throughput is as follows: (this example features that throughput be calculated only for Payments Sent; however, the application calculates throughput for both payments sent and payments received).

   Table 15-9 Example continued – Intraday Throughput

   Time Bucket	Cash Outflows	Cumulative Cash Outflows (b)	Intraday Throughput (b / a)
   8-9 Hours	0	0	0.00%
   9-10 Hours	19	19	2.13%
   10-11 Hours	430	449	50.22%
   11-12 Hours	0	449	50.22%
   12-13 Hours	0	449	50.22%
   13-14 Hours	10	459	51.34%
   14-15 Hours	424	883	98.77%
   15-16 Hours	0	883	98.77%
   16-17 Hours	11	894	100.00%
   Total (a)	894