Central Banking

Bulgaria attempts to speed up and streamline payments

national-bank-of-bulgaria

The Bulgarian National Bank on Thursday said it would introduce changes in the day schedule of the Real-Time Interbank Gross-Settlement System, also known as Rings.

As of June 13, a third settlement cycle will be introduced within the payments system. The time allowed for receiving customer payments for execution through the system will also be extended, although the central bank did not say by how much the time window would lengthen.

The increase in the number of settlement cycles is designed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: