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| Payment System | ||
Payment System
In the broadest sense of the term, payment system is a set of systems enabling transfer and circulation of funds. To perform its role successfully, the payment system must fulfill three prerequisites. One is that the financial assets should be kept in payment transaction channels for as short a time as possible. The second involves reliability and implies secure performance of transactions and uninterrupted availability, while the last, but not the least, is the affordability of the prices of these services.
Considering that the payment system strongly influences the velocity of flows in the economy, overall costs and liquidity of participants, and that it serves as a monetary policy transmission channel (disruptions in the payment system could compromise public confidence in the financial system as a whole), it comes naturally that the central bank should be the one highly interested in ensuring its efficient functioning.
In fact, one of the key legally-mandated functions of the National Bank of Serbia is to regulate, oversee and promote smooth operation of the national payment system.
| Number of payments and turnover in the RTGS and clearing system and interbank clearing of foreign exchange payments in February 2010 |
| 04.03.2010. In the course of 19 business days in February 2010, a total of 14.4 million payments were processed in the NBS RTGS (9.2 million or 63.77%) and clearing system (5.2 million or 36.23%)... |
| NBS RTGS and Clearing System Turnover and Interbank Clearing of Foreign Exchange Payments in January 2010 |
| 04.02.2010. In the course of 19 business days in January 2010, a total of 13 million of payments were processed in the NBS RTGS and clearing system... |
| NBS RTGS and Clearing System Turnover and Interbank Clearing of Foreign Exchange Payments in November 2009 |
| 04.12.2009. In the course of 21 business days in November 2009, a total of 15.5 million of payments were processed in the NBS RTGS and clearing system... |
| Criteria for Classification of Small-Value Payment Systems |
| 17.11.2009. With a view to more efficient implementation of the decision regulating payment system oversight and policy, the National Bank of Serbia (NBS), based on standards of the European Central Bank, has established the criteria for classification of small-value payment systems... |
| Criteria for Classification of Small-Value Payment Systems |
| 16.11.2009. With a view to more efficient implementation of the decision regulating payment system oversight and policy, the National Bank of Serbia (NBS), based on standards of the European Central Bank, has established the criteria for classification of small-value payment systems... |
| Next MPC Meeting |
| 09.11.2009. The next meeting of the NBS Monetary Policy Committee, scheduled for 20 November pursuant to the Tentative Calendar of Regular MPC Meetings in 2009, will take place on Friday, 13 November. |
| NBS RTGS and clearing system turnover and interbank clearing of foreign exchange payments in October 2009 |
| 04.11.2009. In the course of 22 business days in October 2009, a total of 16 million of payments... |
| NBS RTGS and Clearing System Turnover and Interbank Clearing of Foreign Exchange Payments in September 2009 |
| 07.10.2009. In the course of 22 business days in September 2009, a total of 15.7 million payments were processed in the NBS RTGS (10.2 million or 65.06%) and clearing system (5.5 million or 34.94%)... |
| NBS RTGS and Clearing System Turnover and Interbank Clearing of Foreign Exchange Payments in August 2009 |
| 07.09.2009. In the course of 21 business days in August 2009, a total of 15 million payments were processed in the NBS RTGS (5.2 million or 34.81%) and clearing system (9.8 million or 65.19%)... |
| NBS RTGS and clearing system turnover and interbank clearing of foreign exchange payments in July 2009 |
| 05.08.2009. In the course of 23 business days in July 2009, a total of 16.7 million of payments were processed in the NBS RTGS and clearing system... |
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