Central Banking

Bank of Latvia establishes first overnight clearing cycle

The Bank of Latvia

The Bank of Latvia has launched an upgrade to its electronic clearing system (EKS) that will see an overnight cycle added to the clearing schedule.

From May 5, the new "night-time" cycle will begin to operate, in addition to the current seven euro clearing cycles for interbank retail payments that operate within each business day.

The Bank of Latvia's council approved the necessary amendments to regulations for participation in Latvia's electronic clearing system yesterday.

"The introduction of

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: