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2012•Ovidius University Annals Economic Sciences SeriesOpen access

Purposes of Information Systems – Electronic Payment Systems TARGET2

Jeflea Victor Florin

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Abstract

In Romania there are three payment systems, respectively one for large-value payments in lei (ReGIS), one for retail payment in lei (SENT), and one for large-value payments in Euro (TARGET2-Romania).There is also a system of deposing and settlement of government securities and certificates of deposit issued by the central bank (SaFIR) and two systems of clearing/settlement of mobile values RoClear and SIBEX that settle in ReGIS system. All the afore-mentioned systems ensure the settlement via accounts of the credit institutions opened in NBR.

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What this paper is about

In Romania there are three payment systems, respectively one for large-value payments in lei (ReGIS), one for retail payment in lei (SENT), and one for large-value payments in Euro (TARGET2-Romania).There is also a system of deposing and settlement of government securities and certificates of deposit issued by the central bank (SaFIR) and two systems of clearing/settlement of mobile values RoClear and SIBEX that settle in ReGIS system. All the afore-mentioned systems ensure the settlement via accounts of the credit institutions opened in NBR.

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Available abstract

In Romania there are three payment systems, respectively one for large-value payments in lei (ReGIS), one for retail payment in lei (SENT), and one for large-value payments in Euro (TARGET2-Romania).There is also a system of deposing and settlement of government securities and certificates of deposit issued by the central bank (SaFIR) and two systems of clearing/settlement of mobile values RoClear and SIBEX that settle in ReGIS system. All the afore-mentioned systems ensure the settlement via accounts of the credit institutions opened in NBR.

Key concepts: Settlement (finance), Clearing, Payment, Payment system, Business, Value (mathematics), Government (linguistics), Commerce

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