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Business > Top Business
BSP automates intraday settlement
By Niña Myka Pauline Arceo
Jul 23, 2024 12:26 am

THE Bangko Sentral ng Pilipinas (BSP) has fully automated the Intraday Settlement Facility (ISF) for financial institutions to expedite transactions and resolve timing mismatches.

The central bank and the Bureau of the Treasury (BTr) launched the fully automated ISF last month, making it available to all eligible financial institutions facing timing mismatches when settling transactions through the BSP-operated Peso Real-Time Gross Settlement (RTGS) Payment System.

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