CPMI proposes steps private and public sector stakeholders can take to foster greater PvP adoption in FX trades to reduce settlement risk.
March 29, 2023This marks a significant milestone for the payments industry and the start of a coexistence period until November 2025, Swift said.
March 22, 2023The new T2 system comprises an RTGS system, a central liquidity management tool, and leverages the ISO 20022 message standard.
March 22, 2023The next phase of work focuses on payment system interoperability, legal and regulatory frameworks, and cross-border data exchange.
February 27, 2023The BOE will improve its RTGS through a new core settlement engine, migration to ISO 20022 messaging, and build-in CBDC functionality.
February 22, 2023Extending RTGS system operating hours across jurisdictions would facilitate faster, cheaper, more accessible and more transparent cross-border payments.
February 22, 2023Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
December 29, 2022Proposed rules governing the intraday liquidity facility are being circulated among banks and non-banks.
November 10, 2022Macau already has a local RTGS system for local payments denominated in HKD. The new system enables real-time settlement of HKD payments between Macau and Hong Kong banks.
November 3, 2022The new start date is aligned with the ECB's decision to delay the launch of T2. The new 20 March 2023 start date is "definitive", SWIFT said.
October 28, 2022