Central Bank of Morocco, RTGS System (RTS/X)

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Central Bank of Morocco, RTGS System (RTS/X)

 

Central Bank of Morocco, RTGS System (RTS/X)

Bank Al-Maghrib (BM) put into operation the Real Time Gross Settlement System, SRBM (Système des Règlements Bruts du Maroc) in 2006 within the framework of the country’s financial infrastructure modernization project. The CMA company designed the systems, adjusted it according to the national regulating authorities and legislation requirements, delivered, installed and setup the software/hardware interface system in 7 months. The system was launched into live operations on September 7, 2006.
The task of the project was to develop and implement an automated system of online collection and processing of big payments.

The system became an important part of Moroccan payments infrastructure during its live operation. New features are being implemented according to the market needs. In 2011 the system was interfaced with Moroccan securities depository (MAROCLEAR).

 

Status: The system went into live operation in September 2006 according to the project schedule

 

RTS/XPIE  

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