Under the proposed changes, the digital som platform could receive the status of a specialized participant in the interbank settlement system. This would allow specialized participants to interact directly with the system without the need to hold their own correspondent or current account with the National Bank.
Updating the settlement system and participants
The RTGS is used for large and urgent payments between financial organizations, where final settlement occurs on accounts at the National Bank. In addition to the digital som, the draft also provides for adding other systems to the list of specialized participants, including the National Bank's automated trading system, the batch clearing system, card payment operators, interaction operators and the fast payment system operator.
- A requirement for connecting payment organizations and payment system operators will be compliance with information security standards.
