Central Banking

Reserve Bank of Fiji chooses LogicaCMG system

The Reserve Bank of Fiji (RBF) has contracted with LogicaCMG for the supply and implementation of an interbank real time gross settlement (RTGS) platform.

The vendor says RBF will use its RTGS product, Central Accounting System (CAS), to support the interbank settlement of payments.

Commercial bank participants will be able to connect to CAS and the Swift network for transmission of payments by browser.

Savenaca Narube, governor and chairman, Reserve Bank of Fiji comments: "The implementation of