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Payment Systems Department

Egons Gailītis

Head of Department

67022442 Egons.Gailitis@bank.lv

Tasks

  • promotes the smooth operation of payment and financial instrument settlement systems, inter alia ensuring an effective and safe operation and development of Latvijas Banka's payment systems,
  • performs the handling and settlements of the Eurosystem's monetary policy implementation and Latvijas Banka's investment management transactions, 
  • provides financial services to the government of the Republic of Latvia and other institutions

Structure of the department

Payment Systems Policy Division

67022348
  • participates in developing the Eurosystem's single payment system policy,
  • engages in the oversight of the payment systems, financial instrument settlement systems and other financial market infrastructures organised by the Eurosystem,
  • participates in the Eurosystem's oversight projects,
  • oversees Latvia's financial instrument settlement systems and retail funds transfer systems operating in Latvia,
  • promotes the development of payment instruments

Payment Systems Operations Division

67022342
  • participates in ensuring and developing an efficient and secure operation of TARGET2 under the Eurosystem,
  • ensures a secure and efficient operation and development of Latvijas Banka's payment systems and registers and services related to the development of payment instruments

Payment and Settlement Division

67022201
  • performs the settlements of the Eurosystem's monetary policy operations organised by Latvijas Banka and Latvijas Banka's investment management transactions,
  • ensures the management of Latvijas Banka's settlement and securities accounts,
  • executes payments on Latvijas Banka's economic transactions,
  • ensures the operation of Latvijas Banka's securities and collateral system,
  • provides financial services to the government of the Republic of Latvia and other institutions