RTGS system


Real Time Gross Settlement (RTGS) system executes individual payment transaction between participants at gross principle in real time.


RTGS system is a systemically important payment system.


Basic characteristics of processing payment transactions in the RTGS system:


  • Payments are processed individually in real time on gross basis and according to FIFO principles (with priorities);

  • After settlement, payment is final and irrevocable;

  • Possibility of re-prioritising payment in the waiting queue by account owner;

  • All payments in the waiting queue are a annulled at the end of the working day;

  • Use of SWIFT MT202, MT103 messages;

  • Use of so-called “V” scheme of message processing


Transactions in the RTGS system


Transactions mandatorily processed in the RTGS system are as follows:

  1. Payment transactions to the amount of 1.000,00 euros or more;

  2. Payment transactions involving the payment of public revenues (taxes, contributions, duties, etc.) to the transaction accounts prescribed by the ministry responsible for financial affairs and payment transactions to credit and debit the State Treasury;

  3. Payment transactions through which the participants withdraw cash from the CBCG Treasury;

  4. Payment transactions delivered by the DNS system based on negative net position.

Payment transactions lower than 1,000 euros may be processed within the RTGS system at a payment service user’s request.


DAILY WORK TIME SCHEDULE OF THE RTGS SYSTEM


The working schedule of the RTGS system is determined by the Daily Work Time Schedule of the RTGS system.


Daily work time schedule of the RTGS system

Beginning of Day
08:30-09:00
Exchange of payment transaction messages
09:00-17:30
Stop RTGS system
17:30-17:31
Rejecting unexecuted messages
17:31-17:35
Creating reports on executed payment transactions
17:35-18:00
Creating reports on the daily charge of the Central Bank fee
17:35-18:00
Archiving
18:00-19:00
End of Day
19:00


Participants in the RTGS system


No.
Participant
Fixed no.
1
CBCG

907

2

Crnogorska komercijalna banka AD

510

3

Hipotekarna banka AD

520

4

Komercijalna banka AD Podgorica

525

5

NLB Banka AD

530

6

Prva banka Crne Gore AD - Osnovana 1901. godine

535

7

Erste bank AD

540

8

Addiko Bank AD

555

9

Universal Capital Bank AD

560

10

Lovćen banka AD

565

11

Zapad banka AD

570

12

ZIRAAT Bank Montenegro AD

575

13

ADRIATIC BANK AD

580

14

Ekos banka – Bank in bankruptcy

713

15Invest banka Montenegro AD – Bank in bankruptcy
714
16

Atlas banka AD Podgorica – Bank in bankruptcy

715

17

Main account of the State Treasury – Ministry of Finance and Social Welfare

830
18

Central Account – Ministry of Finance and Social Welfare

832

19

Customs Authority

805

20

Ministry of Interior

825

21

Account of liquidity – Ministry of Finance and Social Welfare

831

22

Police

840

23

Revenue Administration

820

24

Central Securities Depository and Clearing Company of Montenegro

929

25

Deposit Protection Fund

931


Banking identification codes in the RTGS system


No.
Bank
SWIFT BIC
Fixed no.
1
CBCG

CBCGMEPG

907

2

Crnogorska komercijalna banka AD

CKBCMEPG

510

3

Hipotekarna banka AD

HBBAMEPG

520

4

Komercijalna banka AD Podgorica

KOBBMEP2

525

5

NLB Banka AD

MNBAMEPG

530

6

Prva banka Crne Gore AD - Osnovana 1901. godine

NIKBMEP2

535

7

Erste bank AD

OPPOMEPG

540

8

Addiko Bank AD

HAABMEPG

555

9

Universal Capital Bank AD

UNCBMEPG

560

10

Lovćen banka AD

LOVBMEPG

565

11

Zapad banka AD

ZBCGMEPG

570

12

ZIRAAT Bank Montenegro AD

TCZBMEPG

575

13

ADRIATIC BANK AD

AZMNMEPG

580