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Denmark’s central bank turns to SIA for new RTGS system
 
Danmarks Nationalbank, the nation’s
central bank, has selected SIA for its new
real-time gross settlement system (RTGS)
that connects banks, mortgage banks
and settlement systems.
The technology infrastructure
developed by SIA has replaced the
previous in-house system that had been
 
in use by the central bank since 2001.
In this development, SIA used its
wholly-owned subsidiary Perago, based
in Pretoria (South Africa) and which
specialises in central bank solutions.
This RTGS platform is already in
operation with the central banks of
Norway and Sweden and it will soon go
live in Iceland too.
 
Later this year, Denmark will be the
first non-euro country to participate in
Target2-Securities (T2S), the centralised
European platform for the settlement
of domestic and cross-border securities
transactions.
Antony Peyton

Comments

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January 22, 2019 at 5:26 PM
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