The Bank of Latvia ensures the operation of the interbank retail payment system, i.e., the Bank of Latvia's electronic clearing system (EKS). The EKS is the only clearing (net settlement) system in Latvia that ensures the settlement of a large volume of customer credit transfers in euro. The EKS has seven euro clearing cycles per business day (the EKS operates in accordance with the TARGET2 business day calendar).
As of 9 November 2010 EKS euro is SEPA compliant system, which ensures its participants' capability to send and receive euro payments within SEPA area - EU countries, Iceland, Liechtenstein, Norway, Switzerland and Monaco. The EKS euro has been elaborated in accordance with criteria stated by the European Central Bank and the European Payments Council. The criteria cover certain payment handling, infrastructure interoperability and reachability principles, as well as open and fair market access principles. To ensure interoperability with other infrastructures of the SEPA and reachability of the EKS participants, the EKS exchanges cross-border credit transfer messages with the Euro Banking Association system STEP2 via the SEPA Clearer, the system of Deutsche Bundesbank.
On 3 August 2009, the Bank of Latvia addressed a disclosure letter to the European Payments Council stating its intent to make the EKS a SEPA credit transfer scheme compliant clearing and settlement infrastructure. The self-assessment of EKS SEPA-compliance conducted by the Bank of Latvia in accordance with the ECB Terms of reference for the SEPA-compliance of infrastructures is enclosed. The self-assessment ascertains the compliance of the EKS with SEPA requirements. In November 2010 European Payments Council published at the list of SEPA Credit Transfer Scheme-compliant infrastructures the Bank of Latvia as the EKS SEPA operator. The self-assessment of the SEPA-compliance of the EKS of the Bank of Latvia, meeting the ECB Terms of Reference for the SEPA-compliance of infrastructures, has been enclosed. On 19 January the Bank of Latvia updated the self-assessment of EKS SEPA-compliance in accordance with performed changes in the system related to the introduction of SEPA requirements.
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 (1.05 Mb) (in effect as of 9 December 2014).
EKS participants and addressable BIC list for settlement in euro
Updated 11 October, 2017
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|
|ABLV Bank, AS||T||AIZKLV22||۷||۷|
|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|
|AS Expobank Kipras filiāle||A||LATCCY2L||۷||۷||LATCLV22|
|AS Expobank Luksemburgas filiāle||A||EXPOLULL||۷||۷||LATCLV22|
|Expobank CZ a.s.||N||EXPNCZPP||۷||۷||LATCLV22|
|Latvijas tirdzniecības flotes jūrnieku arodbiedrības kooperatīvā krājaizdevu sabiedrība "Jūrnieku forums"||N||LKJFLV21||۷||۷||LACBLV2X|
|Signet Bank AS||T||LLBBLV2X||۷||۷|
|Akciju sabiedrība "Latvijas pasta banka"||T||LAPBLV2X||۷||۷|
|Sabiedrība ar ierobežotu atbildību "Transferta"||A||TRSFLV21||۷||۷||LAPBLV2X|
|AS "Meridian Trade Bank"||T||MULTLV2X||۷||۷|
|AS "Meridian Trade Bank" Lithuanian Branch||A||MULTLT2X||۷||۷||MULTLV2X|
|AS "NORVIK BANKA"||T||LATBLV22||۷|
|Akciju sabiedrība "Reģionālā investīciju banka"||T||RIBRLV22||۷||۷|
|Akciju sabiedrība "Rietumu Banka"||T||RTMBLV2X||۷||۷|
|SIA TRANSACT PRO||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||