CENTRAL RESERVE BANK OF PERU
Payments System
The payments system refers to the instruments, operating procedures and organizations that allow economic agents to transfer funds to one another. A safe and efficient payments system significantly affects the effectiveness of monetary policy, the soundness of the financial system and the functioning of the economy as a whole.
The payments system includes cash- and non-cash payments. The latter are made through the interbank transfer systems.
Main Regulations
Central Reserve Bank of Peru
Superintendency of Banks and Insurance Companies
Statistics
Articles and Links
- Western Hemisphere Payments and Securities Clearance and Payments Initiative
- Bank of International Settlements (BIS)
Non-cash payment systems can be classified into high- and low-value systems. The former are mainly administered by the Central Reserve Bank of Peru (BCRP). Low-value payment instruments -checks, direct debits and low-value transfers- are processed by clearing houses and settled through high-value systems.
Interbank fund transfers are ordered and executed electronically, in real time, and on a one-by-one basis, through the BCRP's Real-Time Gross Settlement (RTGS) System. Cámara de Compensación Electrónica S.A. (CCE S.A.), a clearing firm currently in charge of electronic check clearing, is planning to expand its clearing operations to credit transfers and direct debits. CCE S.A.'s operations are executed through the RTGS system.
The BCRP regulates the RTGS system, and the Superintendence of Banks and Insurance Companies authorizes the organization and functioning of clearing firms.
MAIN REGULATIONS
CENTRAL RESERVE BANK OF PERU
a. Real-Time Gross Settlement System
- RTGS System
- Interbank Clearing Services
- Checks
- Credit Transfers
- Direct Debits
- Multibank Security Settlement System Regulations
- Payment System Statistics
- Cross-Border Payments
SUPERINTENDENCY OF BANKS AND INSURANCE COMPANIES
- SBS Resolution Nº 1133-98 (11/09/1998). Regulation concerning the authorization and functioning of clearing firms.
- SBS Resolution Nº 0003-99 (01/07/1999). Modification of the regulation concerning the authorization and functioning of clearing firms.
STATISTICS
BCRP WEEKLY BULLETIN
- Table Nº 38. RTGS system and electronic clearing house: Payment instructions nationwide
- Table Nº 39. Electronic clearing house: Checks received and refused nationwide
- Table Nº 40. Electronic clearing house: Checks received and refused, and transfers of credit in domestic currency nationwide
- Table Nº 41. Electronic clearing house: Checks received and refused, and transfers of credit in foreign currency nationwide
- Table Nº 42. RTGS system: Transfers in domestic and foreign currency
- Table Nº 43. Cashless payment instruments, automatic teller machines, and virtual banking: Value of operations in domestic currency nationwide
- Table Nº 44. Cashless payment instruments, automatic teller machines, and virtual banking: Number of operations in domestic currency nationwide
- Table Nº 45. Cashless payment instruments, automatic teller machines, and virtual banking: Value of operations in foreign currency nationwide
- Table Nº 46. Cashless payment instruments, automatic teller machines, and virtual banking: Number of operations in foreign currency nationwide
ARTICLES AND LINKS
Western Hemisphere Payments and Securities Clearance and Payments Initiative Payments and Securities Clearance and Settlement Systems in Peru (August 2000) Bank for International Settlements Publications of the Committee on Payment and Settlement Systems (CPSS)
WESTERN HEMISPHERE PAYMENTS AND SECURITIES CLEARANCE AND PAYMENTS
Payments and Securities Clearance and Settlement Systems in Peru (August 2000)
BANK FOR INTERNATIONAL SETTLEMENTS
Publications by the Committee on Payment and Settlement Systems (CPSS)