Central Bank of Montenegro, RTGS+Clearing, (Hybrid solution)

Request

Central Bank of Montenegro, RTGS+Clearing, (Hybrid solution)

montenegro bank cma


Central Bank of Montenegro, RTGS+Clearing, (Hybrid solution)

Central Bank of Montenegro had launched a new inter-bank payment system within the second phase of the country’s payment system reform. The new system includes both modules of Real Time Gross Settlement (RTGS) and Bulk Clearing and Settlement System (BCSS). The project had been completed by Hewlett-Packard/CMA consortium in a 5-month period. Hewlett-Packard Company has been in charge of the delivery of system hardware, whereas CMA was in charge of system design, training of the Bank’s personnel and system’s customization in accordance with the regulations of national authorities of Montenegro.

In 2014 RTGS security module was enhanced and RTGS hardware upgrade was performed same year.

Status: The system went into live operation in January 2005 according to the project schedule
 

 pdf cmaCase study (300 kb) PDF RTS/XPIE

Other clients