Real-time Gross Settlement - Existing Systems

Existing Systems

Below is a listing of countries and their RTGS systems:

• Albania - AECH, RTGS
• Australia - RITS (Reserve Bank Information and Transfer System)
• Bosnia and Herzegovina - RTGS
• Bulgaria - RINGS (Real-time INterbank Gross-settlement System)
• Brazil - STR (Sistema de Transferência de Reservas)
• Canada - LVTS (Large Value Transfer System) (This is actually an RTGS Equivalent system. Final settlement happens in the evening.)
• China - China National Advanced Payment System ("CNAPS") (also called "Super Online Banking System)
• Chile - LBTR/CAS (Spanish: Liquidación Bruta en Tiempo Real)
• Croatia - HSVP (Croatian: Hrvatski sustav velikih plaćanja)
• Czech Republic - CERTIS (Czech Express Real Time Interbank Gross Settlement System)
• Egypt - RTGS
• Hong Kong - Clearing House Automated Transfer System (CHATS)
• Hungary - VIBER (Hungarian: Valós Idejű Bruttó Elszámolási Rendszer)
• India - RTGS, NEFT
• Indonesia - Sistem Bank Indonesia Real Time Gross Settlement (BI-RTGS)
• Iran - SATNA (سامانه تسویه ناخالص آنی, Real-Time Gross Settlement System)
• Israel - Zahav (Credit and Transfers in Real Time)
• Japan - BOJ-NET (Bank of Japan Financial Network System)
• Kenya - Kenya Electronic Payment and Settlement System (KEPSS)
• Korea - BOK-WIRE+ (The Bank of Korea Financial Wire Network,한은금융망)
• Kuwait - KASSIP (Kuwait's Automated Settlement System for Inter-Participant Payments)
• Macedonia - MIPS (Macedonian Interbank Payment System)
• Malawi - MITASS (Malawi Interbank Settlement System)
• Malaysia - RENTAS (Real Time Electronic Transfer of Funds and Securities)
• Mexico - SPEI (Spanish: Sistema de Pagos Electrónicos Interbancarios)
• New Zealand - ESAS (Exchange Settlement Account System)
• Nigeria - CIFTS (CBN Inter-Bank Funds Transfer System)
• Pakistan - State Bank of Pakistan
• Peru - LBTR (Spanish: Liquidación Bruta en Tiempo Real)
• Philippines - PhilPaSS
• Poland - SORBNET and ELIXIR
• Russia - BESP system (Banking Electronic Speed Payment System)
• Romania - ReGIS system
• Saudi Arabia - (Saudi Arabian Riyal Interbank Express) SARIE
• Singapore - MEPS+ (MAS Electronic Payment System Plus)
• South Africa - SAMOS (The South African Multiple Option Settlement)
• Switzerland - SIC (Swiss Interbank Clearing)
• Taiwan - CIFS (CBC Interbank Funds Transfer System)
• Thailand - BAHTNET (Bank of Thailand Automated High value Transfer Network)
• Turkey - EFT (Electronic Fund Transfer)
• United Kingdom - CHAPS (Clearing House Automated Payment System)
• United States - Fedwire

RTGS systems covering multiple countries:

• TARGET resp. TARGET2 (Trans-European Automated Real-time Gross Settlement Express Transfer System) in 26 countries of the European Union

TARGET2 is the Real Time Gross Settlement system for the Euro currency, and is offered by the Eurosystem, which comprises the European Central Bank and the National Central Banks of those countries that have adopted the Euro currency. The Eurosystem and the European System of Central Banks will co-exist as long as there are EU Member States outside the Euro area.

TARGET2 is used for the settlement of central bank operations, large-value Euro interbank transfers as well as other euro payments. TARGET 2 provides real-time financial transfers, debt settlement at central banks which is immediate and irreversible.