Perago:RTGS

 
Perago offers its state-of-the-art RTGS system to Central Banks worldwide. The Perago:RTGS complies with the Bank for International Settlements (BIS) Core Principles of Systematically Important Payment Systems. It gives central banks not only a funds transfer system, but also business processes moulded according to international best practice.

The Perago:RTGS system is scalable, in terms of processing capacity, functionality and the sophistication thereof. 
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Documento in formato Adobe Acrobat Perago:RTGS (238 KB)  
 
The Perago:RTGS system is fully SWIFT compliant and is designed to integrate with any private network that supports the multi-protocol, multi-platform IBM WebSphere® MQ messaging middleware. 

The system is technologically independent and utilises only de facto industry standard technologies. Data integrity, security and confidentiality are fundamental to the design. 

The Perago:RTGS system can be viewed as a hybrid system that has entrenched RTGS principles, but also incorporates the advantages of netting for liquidity purposes.
Perago:RTGS is a new generation, comprehensive settlement system with the power and flexibility to grow and evolve as the needs of countries and their financial markets change.
 
 

Key components

 
The perago:rtgs system comprises a central RTGS application, an access and authorisation control module, a central bank system dministration module, a network interface and front-end applications for banks and settlement agents.

The central application is modular, comprising the basic, core system and various optional modules, which may be added to the basic system to form a more comprehensive RTGS system. The central bank is provided with an administration component which includes all facilities required to configure and manage the system, including masterfile changes, monitoring of the positions of individual banks, total industry positions, enquiries and statistics.

The browser-based front-end system for participant banks and settlement agents provides all facilities required to interact with the central bank settlement processor, including facilities to capture funds settlement transactions, to request reports and to monitor positions in real-time.
It is further possible to integrate the system with back office systems for straight-through processing (STP) purposes.
 

Key features

 
  • Real-time, immediate, final and irrevocable settlement
  • Diarising facilities for future-dated settlement instructions
  • Various credit facility options (credit limits, loans secured by pledged collateral and intraday repurchase agreements)
  • Queue priorities management and liquidity optimisation to achieve settlement with minimum liquidity
  • Rreal-time access to monitor participants positions
  • The settlement schedule can be managed by the central bank and can be fully automated to run on a 24x7programme
  • The calculation and recovery of settlement related charges and interest can be included
  • The accounting component includes full adherence to generally accepted accounting principles (GAAP)
  • The system permits authorised agents to provide business and/or technical infrastructure services to participating banks
  • Customised enquiries and reports functionality
  • Statistics on daily utilisation and analysis available
  • Unauthorised access functionality to ensure system integrity
  • SWIFT standards messaging compliance and Straight-Through- Processing possibility
  • Fully SWIFT enabled
 

Complementary products

 
  • perago:csd 

    A Central Securities Depository (CSD) system is a key component of a modern financial infrastructure. Applied to government securities, such a book-entry system becomes an important tool in the hands of the central bank to administer the issuing of government securities and central bank instruments and to support credit extension in the RTGS against eligible collateral.


  • perago:clear

    Two of the main problems in the retail payments domain worldwide are the reliance on cash and cheques to make retail payments. Changing customer demands for electronic payment alternatives and the efficiencies of “straight through processing” have spearheaded the gradual worldwide move, also in emerging markets, from cash and cheques to electronic payments such as credit transfers and direct debits.


  • perago:paygov

    Central banks play multiple roles in the national payment system including settlement services provider, overseer, settlement bank, banker of Government and participant. It is in its role as banker of Government that Perago:paygov aims to support the central bank.

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