RDP 2012-05: Payment System Design and Participant Operational Disruptions Equation (1)

T h e o r e t i c a l   L i q u i d i t y   S i n k i t = B a l a n c e i t + ∑ t t + R R e c e i p t s i t − V a l u e   o n   Q u e u e i t MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamivaiaadIgacaWGLbGaam4BaiaadkhacaWGLbGaamiDaiaadMgacaWGJbGaamyyaiaadYgacaaMc8UaamitaiaadMgacaWGXbGaamyDaiaadMgacaWGKbGaamyAaiaadshacaWG5bGaaGPaVlaadofacaWGPbGaamOBaiaadUgadaWgaaWcbaGaamyAaiaadshaaeqaaOGaeyypa0JaamOqaiaadggacaWGSbGaamyyaiaad6gacaWGJbGaamyzamaaBaaaleaacaWGPbGaamiDaaqabaGccqGHRaWkdaaeWaqaaiaadkfacaWGLbGaam4yaiaadwgacaWGPbGaamiCaiaadshacaWGZbWaaSbaaSqaaiaadMgacaWG0baabeaakiabgkHiTiaadAfacaWGHbGaamiBaiaadwhacaWGLbGaaGPaVlaad+gacaWGUbGaaGPaVlaadgfacaWG1bGaamyzaiaadwhacaWGLbWaaSbaaSqaaiaadMgacaWG0baabeaaaeaacaWG0baabaGaamiDaiabgUcaRiaadkfaa0GaeyyeIuoaaaa@7C0B@