Central Banking

Iceland prepares new interbank payment system for launch


The Central Bank of Iceland is about to launch a major upgrade of its core payments infrastructure, as a new netting and high-value settlement system goes live on October 23.

The central bank already operates a real-time gross settlement (RTGS) system for high-value payments and a netting system for smaller retail payments. The new system, developed by Perago, a subsidiary of SIA, will replace both systems.

The new system will offer settlement of payments of at least 10 million Icelandic krona

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: