Third Daily Settlement in Giro Clearing 11/23/2001 Tweet On the 3rd December this year, Central Bank of BH will introduce the third daily settlement in GIRO clearing. Decision to introduce the third daily settlement was brought on the basis of survey that was conducted with commercial banks which declared that introduction of the third daily settlement in GIRO clearing would improve the level of their services for the clients. Currently, there are two daily settlements of the banks in GIRO clearing system - first one at 9:50 AM and the second one is at 2:50 PM. From the 3rd December, commercial banks will also be able to settle their payment transactions in GIRO clearing system at 12:50 PM every working day. Introduction of the third settlement will accelerate performance of payment orders and will provide a better insight into banks' funds balances. Since the beginning of the work of the new payment system (5th January 2001) until the 22nd of November 2001, more than 10,5 millions of transactions in total value of 14,8 billions of KM have been carried out through RTGS (Real Time Gross Settlement) and GIRO clearing systems. More than 10,2 millions of transactions in total value of 6,2 billions of KM have been carried out through GIRO clearing system, and at the same time, there were 312 thousands of transactions in total value of 8,6 billions of KM through RTGS system. Public Relations Section Duška Jurišić
