serbiabankrtgs

National Bank of Serbia, RTGS+Clearing (Hybrid solution)

Changes in the course of the past few years in Serbia required substantial modernization of their financial infrastructure. Replacing the old decentralized payment system became a critical issue. Short implementation time was an important criterion for the National bank and CMA Small Systems developed, customized and installed the new payment system at NBS in only five months. The new payment system at NBS offers full functionality of the RTGS and clearing components together with advanced risk management, monitoring and control possibilities and integration into the capital market infrastructure. The NBS payment system is based on CMA’s own developed Real-Time Gross Settlement System (RTS/X) and Bulk Payments Clearing Systems (BCS/X), both based on the PIE-technology.

Status: The system went into live operation in January 2003 according with the project schedule