One of the key tasks of the national central banks is to establish and maintain a secure and effective payment system. Such a payment system plays an important role in the development of the country's financial sector, ensuring non-cash settlements between credit institutions and other financial institutions. Only through an effective payment system can the national central banks also fulfil their main task of implementing the monetary policy. The two key elements of a national payment system are financial institutions and the system's infrastructure (its technical and administrative management).


The Electronic Clearing System EKS of Latvijas Banka