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Updated: 08.10.2019

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.

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).

 

EKS participants and addressable BIC list for settlement in euro

Updated 8 October, 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
DECTA LIMITED A DCTTGB22 ۷   ۷ RTMBLV2X
Luminor Bank AS T RIKOLV2X
NDEALV2X
NDEAEE2X
NDEALT2X
RIKOEE22
۷   ۷  
AS Expobank  T LATCLV22 ۷   ۷  
Latvijas Banka T LACBLV2X 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 "PrivatBank" T PRTTLV22 ۷   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
PAYALLY LIMITED A PYYLGB2L ۷   ۷ RTMBLV2X
CAURI LTD A CIURGB21 ۷   ۷ RTMBLV2X
3S MONEY CLUB LIMITED A MOLUGB22 ۷   ۷ RTMBLV2X
DZING FINANCE LTD A DZNNGB22 ۷   ۷ RTMBLV2X
Rigensis Bank AS T RGNSLV22 ۷   ۷  
Valsts kase T TRELLV22 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  
 
Latvijas Banka T LACBLV2X ۷  
 

 

T - direct participant
N - indirect participant
A - adressable BIC holder