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, Monaco and San Marino).
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.
Upon starting to use the services of an EKS service, an EKS participant becomes the user of Proxy Registry "Instant Links"
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.
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 and TARGET Instant Payment Settlement (TIPS).
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, Monaco and San Marino), the clearing service provides exchanging of the payments with the EBA Clearing System STEP2.
The settlement procedure for electronic clearing system EKS is stipulated by the System rules for participation in EKS and Functional specification of the EKS consisting of 2 parts (currently available in Latvian).
Updated on 4 April, 2023
| BIC | Type of participation | Clearing service | Instant payments service | Direct participant | |
| AS BluOr Bank | CBBRLV22 | T | ۷ | ۷ | |
| Akciju sabiedrība "Citadele banka" | PARXLV22 | T | ۷ | ۷ | |
| AS "Citadele banka" Estonian branch | PARXEE22 | A | ۷ | ۷ | PARXLV22 |
| AS "Citadele banka" Lithuanian branch | INDULT2X | A | ۷ | PARXLV22 | |
| VAS "Latvijas Pasts" | LPNSLV21 | A | ۷ | PARXLV22 | |
| AS "Industra Bank" | MULTLV2X | T | ۷ | ||
| Latvijas Banka | LACBLV2X | T | ۷ | ۷ | |
| AS "LPB bank" | LAPBLV2X | T | ۷ | ۷ | |
| Transferra UN Limited | TANFGB22 | A | ۷ | ۷ | LAPBLV2X |
| Luminor Bank AS | RIKOLV2X RIKOEE22 AGBLLT2X |
T |
۷ ۷ ۷ |
۷ ۷ |
|
| AS "Reģionālā investīciju banka" | RIBRLV22 | T | ۷ | ۷ | |
| AS "Rietumu Banka" | RTMBLV2X | T | ۷ | ||
| DECTA LIMITED | DCTTGB22 | A | ۷ | RTMBLV2X | |
| EPAYMENTS SYSTEMS LIMITED | EPMTGB2L | A | ۷ | RTMBLV2X | |
| DZING FINANCE LTD | DZNNGB22 | A | ۷ | RTMBLV2X | |
| ECOMMERCE TECHNOLOGIES LTD | ECTCGB22 | A | ۷ | RTMBLV2X | |
| GEMBA FINANCE LTD | GEEIGB22 | A | ۷ | RTMBLV2X | |
| EMERALD FINANCIAL GROUP (UK) LTD | EMFGGB22 | A | ۷ | RTMBLV2X | |
| XPATE LTD | XPTTGB22 | A | ۷ | RTMBLV2X | |
| NOVATUM TECH LIMITED | NOEHGB22 | A | ۷ | RTMBLV2X | |
| WISE WOLVES PAYMENT INSTITUTION LIMITED | WWPICY2L | A | ۷ | RTMBLV2X | |
| RECARY LTD | REAYGB22 | A | ۷ | RTMBLV2X | |
| MULTIPASS PLATFORMS LIMITED | DYPYGB21 | A | ۷ | RTMBLV2X | |
| Signet Bank AS | LLBBLV2X | T | ۷ | ۷ | |
| Valsts kase | TRELLV22 | T | ۷ | ۷ |