Real Time Gross Settlement System

NGRTGS is a modern RTGS solution with enhanced monitoring and liquidity management features, DvP/PvP, and a built-in Integration Bus. NGRTGS might be used as a primary or contingency RTGS system deployed locally or in the cloud.

NGRTGS is ISO 20022 Compliant and capable to operate in 24/7 mode. It is based on proven, high-reliable, state-of-art, and efficient technologies that are successfully implemented and used by dozens of Central Banks worldwide.

The functionality of the NGRTGS covers all aspects of payments and securities operations processing, liquidity management facilities, multi-currency support, fee and penalty calculations, statistical analysis, and many more.

NGRTGS is compliant with 2022 SWIFT standards in its functional and technical aspects, messaging services and connectivity. Designed to reflect an application’s ability to provide automation in a SWIFT environment the Swift is based on a dedicated set of SWIFT-specific certification criteria that are re-evaluated annually.

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PRODUCT FEATURES

NGRTGS system helps central banks and monetary authorities to control large-value payment transactions in a secure and reliable environment.
The solution uses the state-of-the-art technology that is compliant with international standards and liquidity risk management with its main role being of settlement of interbank payment transactions.

Standards

NGRTGS is designed by CIIC experts in compliance with major industry standards such as BIS: Core Principles for Systemically Important Payment Systems, BIS: General Guidance for Payment System Development, BIS: New developments in large-value payment systems, BIS: Delivery versus payment in securities settlement systems, CPSS/IOSCO Recommendations.

Modular Design

NGRTGS is designed as a modular system to meet varying requirements in a highly automated and configurable manner. The system is functionally partitioned into scalable modules that facilitate the incorporation of change. The existing design provides the possibility for horizontal and vertical scalability. In addition to that, RTS/X supports automatic and manual load balancing.

Compliance with International Standards

NGRTGS offers central banks a solution that cope with international standards that establish a set of principles for the safe and efficient operation of payment systems and financial market infrastructures

Flexibility

RTS/X functionality can be easily adjusted or extended following business requirements. Embedded Business Process Management subsystems allow doing that with minimal effort.

Connectivity

RTS/X supports interaction with participants via VPN or SWIFT. Connectivity via SWIFT may function in parallel with VPN. In the case of “mixed” network configuration, some of the Participants may use the SWIFT network, and others may utilize VPN to interact with the system. RTS/X might be installed with an additional unique module that simulates SWIFT Y-Copy Service via VPN.

Benefits

Liquidity Flow Acceleration

It automates large-value payments and reduces transaction costs, enhancing reliability and promoting economic activity.

Risks’ Mitigation

It ensures the secure finality of settlement, mitigating settlement risk, liquidity risk, credit risk and systematic risk.

Cost reduction & Revenue increment

It provides banks with rapid deployment of cash due to adjustable and continuous settlement sessions.

Enhances fund circulation

It acts as a financial infrastructure that supports all economic activity including commercial activity and financial transactions.

Fostered Financial Stability

It allows the central bank to enhance monetary policy, manage liquidity and address risks associated with the financial stability.