RTGS system for the National Bank of the Republic of Macedonia
National Bank of the Republic of Macedonia, RTGS system (RTS/X)
CMA has together with Hewlett-Packard completed a project for the National Bank in the Republic of Macedonia for delivery, installation and support of a system for Real Time Gross Settlement (RTGS) system.
The introduction of RTGS in the republic of Macedonia is expected to play a positive role on the payment system of the country. The project is based on the widely agreed principle and standards valid for the countries in the European Union. This will guarantee a stable connection with the trans-European automated systems for real time gross settlement.
With the new RTGS, the National Bank of Macedonia can offer a secure mechanism for effective management of the system risk and observation of the liquidity of the bank sector. This will build the basis for future real time transfer of stocks in case a payment is completed (Delivery versus Payment). The banks on the other hand will be able to observe and effectively manage their liquidity. The building of RTGS in a long-term plan is supposed to play a stabilising role on the bank system in Macedonia.
Status: The system went into live operation in July 2001 according to the project schedule
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