Electronic Clearing System EKS

Published: 04.04.2015 Updated: 14.09.2023

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".

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.

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).

Clearing service

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).

Information for EKS participants

System Rules for Participation in EKS

Functional Specification of the EKS: Clearing Service

Functional Specification of the EKS: Instant Payment Service

Schema files for EKS Clearing Service

Schema files for EKS Instant Payments Service

EKS participants and addressable BIC list for settlement in euro

Updated on 14 September, 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
MULTIPASS PLATFORMS LIMITED	DMPLGB22	A	۷		LAPBLV2X
NOVEBA LIMITED	VEBAGB2L	A	۷	۷	LAPBLV2X
PAYMENTZ LTD	PAYZGB22	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

T - direct participant

N - indirect participant

A - adressable BIC holder

All institutions accepts credit transfer and instant payment orders with Latvian diacritical marks.

* The link established by the instant payment service to RT1, an instant payment system managed by ABE Clearing S.A.S. à capital variable, and to TIPS (TARGET Instant Payment Settlement) ensures the reachability of the EKS participants using the services of the instant payment service, their indirect participants and addressable BIC holders throughout the SEPA area.