The EKS is the payment system of Latvijas Banka, which ensures the processing of customer retail payments across the SEPA area (EU countries and Iceland, Liechtenstein, Norway, Switzerland and Monaco). The EKS system provides two services – clearing service that performs net settlement and provides several clearing cycles for settlement on the EKS on a business days in euro and instant payments service that provides continuous payments by executing each bank customer payment within seconds, 24 hours a day, 7 days a week, 365 days per year.
Instant payments service
The EKS system's instant payments service enables banks to provide instant payment services to their customers: an opportunity to transfer money from an account in one bank to an account in another bank within a matter of seconds on any day and at any time of the day, including on weekends and holidays.
Bank customers – Individuals and companies – will be able to make instant payments when a number of Latvian banks are connected to the system of Latvijas Banka or another European instant payment system.
In order to ensure the reach of the EKS participants and the possibility of sending and receiving payments in the SEPA area, the EKS system instant payment service makes instant payments exchange with the EBA Clearing system RT1.
The EKS system's clearing service ensures that bank customers can send money from one bank to another bank on working days, receiving money within one day. Clearing service accepts, processes and settles payments in seven clearing cycles.
In order to ensure the possibility of sending and receiving payments in the SEPA area (EU countries as well as Iceland, Liechtenstein, Norway, Switzerland and Monaco), the clearing service provides exchanging of the payments with the EBA Clearing System STEP2.
The settlement procedure for the Bank of Latvia's electronic clearing system EKS is stipulated by the System rules for participation in EKS and Functional specification (currently available in Latvian).
EKS participants and addressable BIC list for settlement in euro
Updated 4 February, 2019
EKS clearing service
|Processing of SEPA credit transfer orders||Accepts credit transfer orders with Latvian diacritical marks||Direct participant|
|Type of participation||BIC||Accepts all||Accepts credit transfers only from EKS members|
|Akciju sabiedrība "Baltic International Bank"||T||BLIBLV22||۷||۷|
|AS BlueOrange Bank||T||CBBRLV22||۷||۷|
|Akciju sabiedrība "Citadele banka"||T||PARXLV22||۷||۷|
|AS Citadele banka Eesti filiaal||A||PARXEE22||۷||۷||PARXLV22|
|Valsts akciju sabiedrība "Latvijas Pasts"||N||LPNSLV21||۷||۷||PARXLV22|
|Luminor Bank AS||T||RIKOLV2X||۷||۷|
|Latvijas tirdzniecības flotes jūrnieku arodbiedrības kooperatīvā krājaizdevu sabiedrība "Jūrnieku forums"||N||LKJFLV21||۷||۷||LACBLV2X|
|Signet Bank AS||T||LLBBLV2X||۷||۷|
|Akciju sabiedrība "LPB Bank"||T||LAPBLV2X||۷||۷|
|AS "Meridian Trade Bank"||T||MULTLV2X||۷||۷|
|AS "Meridian Trade Bank" Lithuanian Branch||A||MULTLT2X||۷||۷||MULTLV2X|
|AS "PNB Banka"||T||LATBLV22||۷|
|Akciju sabiedrība "Reģionālā investīciju banka"||T||RIBRLV22||۷||۷|
|Akciju sabiedrība "Rietumu Banka"||T||RTMBLV2X||۷||۷|
|EPAYMENTS SYSTEMS LIMITED||A||EPMTGB2L||۷||۷||RTMBLV2X|
|TRANSACT PRO SIA||A||TPROLV22||۷||۷||RTMBLV2X|
|Rigensis Bank AS||T||RGNSLV22||۷||۷|
EKS instant payment service
|Type of participation||BIC||Accepts credit transfer orders with Latvian diacritical marks||Direct participant|
|Akciju sabiedrība "Citadele banka"||T||PARXLV22||۷||
The IBAN Register of Latvijas Banka enables institutions to offer an easy initiation of instant payments to their customers by using the payee's mobile phone number. The IBAN Register ensures the storage of the customer account IBAN numbers (International Bank Account Number is an international bank account number assigned by an institution to customer account) links with the mobile phone numbers. The procedure of using the IBAN Register of Latvijas Banka is stipulated by the Rules for the Use of the IBAN Register and the Functional Specifications of the IBAN Register of Latvijas Banka.