Settlement System - Bank Sentral Republik Indonesia
Sign In
October 02, 2020

Settlement System

In order to mitigate risk in national payment, Bank Indonesia have developed transaction settlement system, Bank Indonesia Real Time Gross Settlement (BI-RTGS), Bank Indonesia Scripless Securities Settlement System (BI-SSSS) and National Clearing System (SKN). BI-RTGS is an elctronic fund transfer in Rupiahs between participants where the settlement conducted directly and individually per transaction. BI-SSSS  is a transaction media with Bank Indonesia and securities administration electronically. During settlement, BI-SSSS connected directly to BI-RTGS seamlessly. While SKN is an interbank clearing system for cheque payment, Bilyet Giro, other debit notes and interbank credit transfer.

Show Left Panel