State Bank of Pakistan, RTGS System with Depository Module
State Bank of Pakistan, RTGS System (RTS/X) with Depository Module
The Central Bank of Pakistan (CBP) launched into operations the new Real Time Gross Settlement System with Depository Module - PRISM (Pakistan Real Time Inter-bank Settlement Mechanism) within the framework of payment and financial infrastructure modernization project. CMA designed the system, customized it according to the national regulating authorities and legislation requirements, delivered and installed the software/hardware system. The system was launched into live operations on July 2, 2008. PRISM employs CMA’s product Real-Time Gross Settlement system (RTS/X).
The Project task was to develop and implement an automated system of real time collection and processing of payments. In course of the project on request of CBP the functionality of the system was enlarged by adding a depository module for securities management – DEPO/X. Thus the PRISM system represents now a settlement and depository system closely integrated with different systems of the Central Bank of Pakistan.
Status: The system went into live operation in July 2008 according to the project schedule