Solution
Real-Time Gross Settlement System - RTGS
Optimize and secure your high-value payments with our RTGS system. We process transfers immediately and individually, eliminating risks and delays. With our secure integration with the BCRP and your internal banking systems, you reduce manual processes and improve operational efficiency.
Benefits of the RTGS Settlement System
Transformation in interbank financial management
Operational
- Immediate settlement of high-value transfers
- Obtaining instant liquidity for banking operations
- Centralization and streamlining of interbank foreign exchange transactions
Risk Management
- Elimination of settlement risk (final and irrevocable transactions)
- Facilitating the balancing of foreign exchange positions between entities
- Automatic compliance with position limits in foreign exchange transactions established by the SBS
Monetary Regulation
- Efficient regulation of liquidity in the financial system
- Reduction of the variability of deposits at the BCRP
- Automatic withdrawal of surpluses after meeting the reserve requirement
System Efficiency
- Greater operational transparency through improved query facilities
- Optimization of intraday liquidity management
- Improved monitoring and control of banking operations
Functionalities of the RTGS System
High-Value Fund Transfers
Interbank purchase/sale of foreign currency
Intraday Facilities (REPO)
Overnight Deposits
Balance and Transaction Inquiries
High-Value Fund Transfers
The RTGS processes high-value transfers between Participants and between them and the Central Bank, through credits and debits in Settlement Accounts
Transfers are credited and settled in the beneficiary's account in real time, i.e., online, provided that the ordering user's bank has sufficient liquidity.
Otherwise, the transfer enters a waiting queue until the necessary availability is obtained.
Currently S/ 5,000 for national currency and US$ 2,000 for foreign currency.
Once settled, transfers are final and irrevocable
Interbank purchase/sale of foreign currency
Allows real-time settlement of foreign exchange transactions between participating banks, facilitating the exchange of soles for US dollars and vice versa. Orders are processed electronically without manual intervention, and an instant verification of the availability of funds in both currencies is performed.
Intraday Facilities (REPO)
Intraday Repo Operations: These are temporary purchase operations of financial assets with the BCRP that are originated and settled during the same day, and are made available to Type I Participants and Type II Participants who access the CCE services. The intraday facility scheme implies that banks (Type I Participants) carry out with The BCRP conducts temporary purchase operations for financial assets. This way, banks obtain immediate liquidity to carry out their operations in the RTGS System.
Overnight Deposits
Monetary regulation instrument that allows financial institutions to make deposits in domestic and foreign currency with the BCRP. These deposits are made overnight and are remunerated at the rate set by the BCRP. It constitutes a window instrument for automatically withdrawing excess funds in current accounts, after covering the demand for reserve requirements. This reduces the variability of financial institutions' deposits with the BCRP.
Balance and Transaction Inquiries
The system provides real-time query and monitoring tools
Greater online facilities for queries, statistics, and reports
Access to updated information on settlement account balances
Generation of operational reports and transaction statistics
Checking the status of transfer orders and pending transactions