Instant payments service

The EKS system's instant payments service enables banks to provide instant payment services to their customers: an opportunity to transfer money from an account in one bank to an account in another bank within a matter of seconds on any day and at any time of the day, including on weekends and holidays.

Bank customers – Individuals and companies – will be able to make instant payments when a number of Latvian banks are connected to the system of Latvijas Banka or another European instant payment system.

In order to ensure the reach of the EKS participants and the possibility of sending and receiving payments in the SEPA area, the EKS system instant payment service makes instant payments exchange with the EBA Clearing system RT1.

Clearing service

The EKS system's clearing service ensures that bank customers can send money from one bank to another bank on working days, receiving money within one day. Clearing service accepts, processes and settles payments in seven clearing cycles.

In order to ensure the possibility of sending and receiving payments in the SEPA area (EU countries as well as Iceland, Liechtenstein, Norway, Switzerland and Monaco), the clearing service provides exchanging of the payments with the EBA Clearing System STEP2.

The settlement procedure for the Bank of Latvia's electronic clearing system EKS is stipulated by the System rules for participation in EKS and Functional specification (currently available in Latvian). 

Proxy Registry "Instant Links"

The Proxy Registry "Instant Links" (IBAN Register) of Latvijas Banka enables institutions to offer an easy initiation of instant payments to their customers by using the payee's mobile phone number. The The Proxy Registry "Instant Links" ensures the storage of the customer account IBAN numbers (International Bank Account Number is an international bank account number assigned by an institution to customer account) links with the mobile phone numbers. The procedure of using the The Proxy Registry "Instant Links" of Latvijas Banka is stipulated by the Rules for the Use of the IBAN Register and the Functional Specifications of the IBAN Register of Latvijas Banka.

Rules for the Use of the Proxy Registry "Instant Links"

Functional Specifications of Latvijas Banka's Proxy Registry "Instant Links"

EKS participants and addressable BIC list for settlement in euro

Updated 20 February, 2019

EKS clearing service

  Processing of SEPA credit transfer orders Accepts credit transfer orders with Latvian diacritical marks Direct participant
  Type of participation BIC Accepts all Accepts credit transfers only from EKS members
Akciju sabiedrība "Baltic International Bank" T BLIBLV22 ۷   ۷  
AS BlueOrange Bank T CBBRLV22 ۷   ۷  
Akciju sabiedrība "Citadele banka" T PARXLV22 ۷   ۷  
AS Citadele banka Eesti filiaal A PARXEE22 ۷   ۷ PARXLV22
Valsts akciju sabiedrība "Latvijas Pasts" N LPNSLV21 ۷   ۷ PARXLV22
DECTA LIMITED A DCTTGB22 ۷   ۷ RTMBLV2X
Luminor Bank AS T RIKOLV2X ۷   ۷  
AS Expobank  T LATCLV22 ۷   ۷  
Latvijas Banka T LACBLV2X ۷   ۷  
Latvijas tirdzniecības flotes jūrnieku arodbiedrības kooperatīvā krājaizdevu sabiedrība "Jūrnieku forums" N LKJFLV21 ۷   ۷ LACBLV2X
Signet Bank AS T LLBBLV2X ۷   ۷  
Akciju sabiedrība "LPB Bank" T LAPBLV2X ۷   ۷  
AS "Meridian Trade Bank" T MULTLV2X ۷   ۷  
AS "Meridian Trade Bank" Lithuanian Branch A MULTLT2X ۷   ۷ MULTLV2X
AS "PNB Banka" T LATBLV22     ۷  
AS "PrivatBank" T PRTTLV22 ۷   ۷  
Akciju sabiedrība "Reģionālā investīciju banka" T RIBRLV22 ۷   ۷  
Akciju sabiedrība "Rietumu Banka" T RTMBLV2X ۷   ۷  
EPAYMENTS SYSTEMS LIMITED A EPMTGB2L ۷   ۷ RTMBLV2X
PAYALLY LIMITED A PYYLGB2L ۷   ۷ RTMBLV2X
TRANSACT PRO SIA A TPROLV22 ۷   ۷ RTMBLV2X
Rigensis Bank AS T RGNSLV22 ۷   ۷  
Valsts kase T TRELLV22 ۷   ۷  
 

EKS instant payment service

  Type of participation BIC Accepts credit transfer orders with Latvian diacritical marks Direct participant
Akciju sabiedrība "Citadele banka" T PARXLV22 ۷  
 
Latvijas Banka T LACBLV2X ۷  
 

 

T - direct participant
N - indirect participant
A - adressable BIC holder