2011-03-31-news

CMA of Sweden has been selected to provide its payment system solutions to the Bank Indonesia (Central Bank of Indonesia)

Stockholm, March 31st, 2011. CMA has announced today that it had successfully finalized the contract negotiations for the provision of Second Generation Application of Bank Indonesia Real-Time Gross Settlement (RTGS) and Scriptless Securities Settlement System (SSSS) for the Bank Indonesia (BI - the official name for the Central Bank of the Republic of Indonesia). In this project, CMA is teaming up with the Praweda Ciptakarsa Informatika – an Indonesian company. CMA takes on the subcontracting role under the Praweda, whereas Praweda entered into prime contract with the BI.

CMA and Praweda consortium has been selected by the BI in the result of “Next Generation RTGS” competitive bidding procedure, which has been initiated by the BI in the middle of 2009.

The new system from CMA will replace the currently used system and provide BI and its financial community with an expansive and more flexible set of tools and services that will result in much higher performance. The solution, which will be implemented, is based on CMA’s own RTS/X, DEPO/X and TRADE/X software products.