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Participation in TARGET2-Latvija (TARGET2), the real-time settlement system for the euro
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TARGET2 is a settlement system for effecting cross-border payments in euro in real time. TARGET2 ensures a single monetary policy and money market dev... |
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Participation in the Bank of Latvia's Electronic Clearing System (EKS)
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The EKS is the Bank of Latvia's net settlement system, which is used to process bulk retail payments in lats and euro and ensure the settlement o... |
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Participation in the interbank automated payment system SAMS
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The SAMS is a real time gross settlement system designed for large-value and urgent payments related to inter-bank market transactions, open market an... |
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Payment system oversight
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Updated on 15.03.2011.
Pursuant to Article 9 of the Law "On the Bank of Latvia", the Bank of Latvia promotes smooth operation of the paymen... |
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Payment system participants
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The Bank of Latvia maintains three payment systems: the SAMS, EKS and TARGET2-Latvija. In the SAMS, settlement is executed only in lats; TARGET2-Latvi... |
