ZAGREB, April 6 (Hina) - The Croatian National Bank began on Tuesday the system of great payments. Following a long period of preparations, during which the system was installed and tested with participants, the accounts of 54 banks
(settled accounts, mandatory reserve accounts and mandatory deposit accounts) have been transferred on Saturday from the Payment Transfers Bureau to the Croatian National Bank. Five savings banks have managed to join in in the first phase. On the first day, 94 payment transactions worth US$50 million have been completed by noon Tuesday. The introduction of the Croatian great payment system created the necessary infrastructure for accomplishing over-night transactions between banks. The Croatian great payment system provides Croatia with an opportunity to get closer to the payment systems of member-countries of the European Monetary Union, that is, primary principles of the functioning of t
ZAGREB, April 6 (Hina) - The Croatian National Bank began on Tuesday
the system of great payments.
Following a long period of preparations, during which the system
was installed and tested with participants, the accounts of 54
banks (settled accounts, mandatory reserve accounts and mandatory
deposit accounts) have been transferred on Saturday from the
Payment Transfers Bureau to the Croatian National Bank. Five
savings banks have managed to join in in the first phase.
On the first day, 94 payment transactions worth US$50 million have
been completed by noon Tuesday.
The introduction of the Croatian great payment system created the
necessary infrastructure for accomplishing over-night
transactions between banks.
The Croatian great payment system provides Croatia with an
opportunity to get closer to the payment systems of member-
countries of the European Monetary Union, that is, primary
principles of the functioning of the so-called TARGET system.
(hina) lml jn