Real-Time Gross Settlement Banco Central del Ecuador€¦ · Real-Time Gross Settlement. Banco...
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Real-Time Gross Settlement Banco Central del Ecuador Lima, 2017
Transcript of Real-Time Gross Settlement Banco Central del Ecuador€¦ · Real-Time Gross Settlement. Banco...
Real-Time Gross SettlementBanco Central del Ecuador
Lima, 2017
Moderador
Notas de la presentación
Espero que este correo electrónico los encuentre bien a todos. En primer lugar, les agradezco haber aceptado participar en la sesión sobre “El Papel de los Sistemas LBTR en el Nuevo Panorama de Pagos” que tendrá lugar el 12 de septiembre (inmediatamente después del último coffee break) como parte de la Semana de Pagos de este año. En segundo, quisiera informarles que esta sesión estará presidida por Julio Pando, Subgerente General de Medios de Pago del Banco Central de la República Argentina y Presidente del GTSP-ALC, a quién incluyo en este mensaje para que queden en comunicación, en caso de ser necesario. Aprovecho también para compartirles algunas sugerencias para organizar sus intervenciones y con ello favorecer un flujo adecuado de la discusión: Es deseable contar con una presentación en PowerPoint como apoyo visual a su intervención y enviarlo a [email protected] y [email protected] antes del 8 de septiembre. Si es posible, agradeceré que su material se preparado en inglés, aunque su intervención verbal puede ser en español Para asegurar un enfoque equilibrado de toda la sesión, incluyendo la discusión en grupo, se sugiere planificar cada intervención para una duración máxima de 20 minutos. La sesión es flexible para adaptarse al estilo, preferencias y organización de contenido que cada uno de ustedes prefiera adoptar. Dentro de esa flexibilidad, agradecería que tuvieran la oportunidad de asegurarse de que sus presentaciones abarcan los siguientes temas: una rápida descripción de los mandatos de sus respectivas instituciones en cuanto a pagos se refiere, incluyendo la administración del LBTR; ii) el panorama actual de los pagos (minoristas) en su país, en particular la aparición de nuevos proveedores, las condiciones de acceso a los sistemas existentes, entre otros; iii) las medidas reglamentarias y de política adoptadas para enfrentar el panorama actual; (iv) el papel del LBTR en ese panorama (este sería el tema central); y (v) las lecciones aprendidas y retos que se anticipan. Finalmente, por favor no duden en contactarme si tienen alguna consulta o requerimiento para su participación. Nuevamente, gracias y nos vemos pronto en Lima.
Regulation
According to the law (COMF), the Central Bank of Ecuador, related to payment systems, hasthe following functions:• Manage the national payment system.• Monitor and supervise ancillary payment systems.• Provide the means of payment necessary to the economic system operates efficiently.• To provide exclusively national metallic money, as well as electronic money, as dictated by
the Monetary and Financial Policy and Regulation Board.• Operate the central payment system.• Monitor the compliance of the operating regulations for the national payment system
issued by the Board.• The national payment system comprises the set of policies, rules, instruments, procedures
and services through which transfers directly or indirectly the resources managed by the means of payment and the liquidation of securities between the different participants.
• The Central Bank of Ecuador is the clearer and settlement of resources in the central payment system and liquidator of resources in the ancillary payment systems.
National PaymentSystem
Central PaymentSystem
ACH,CCE
SPI,SPL,SCI, BONO
Ancillary Payment System (FMI)
FMI
Clearing HouseATMsCredit CardsRemittances
Securitiessettlement system
CSD
Infraestructuras de pagos
Remittances Switchs
Bonds
POS
National Payment System
Current situation: Retail Payments
Direct Payment
Reconciliationand PaymentClearing
The operations are settle in the
financial entity
Direct Payment– Private Company
Service that allows interbank funds transfers, online and real time, to and from savings or current accounts
Electronic Transfers - BCE
FINALUSERS
BCE (PUBLIC INSTITUTIONS)
LOCAL FINANCIAL
SYSTEM
PAYMENT DETAILS(suppliers, servicecompanies, sa laries, etc.)
LOCAL FINANCIAL SYSTEM(Banks, Coopera tives)
LOCAL FINANCIAL SYSTEM
SPI
Banco Centra l del Ecuador
Electronic mechanism to receive payments through electronic funds transfer accrediting to the accounts maintained in the institutions of the financial system.
Current situation: Retail Payments
Regulation
• Standards for the operation of the ancillary payment systems, about theprovisions for authorization, operation, supervision and monitoring.
• Sanctioning procedure, for the ancillary payment systems and for theparticipants of the central payment system.
• Standards for interoperability between POS networks, which regulatespoint-of-sale (POS) interoperability.
• Standards for the operation of payment systems:• Interbank Payment System• Interbank Collection System• Specialized Clearing House
• Standards for the interoperability of the Electronic Money System, thatcontains the requirements and tariffs for its operation.
The rol of RTGS in Ecuador
Management Liquidity
• Dynamize the cash flow• Process automation• Financial Inclusion• Communications
standardization
SPECIFIC OBJETIVES
OBJECTIVE
Provide to the country a worldwidepioneering payment system incommunication standards andvalue-added services for all itsparticipants.
Benefits of the New Financial Architecture
Operative Process
PRIVATE EFIS
PUBLIC EFIS
PRIVATE EFIS
WEB CERTIFICATE ISO 20022
NO CERTIFICATED (TXT FILE)
PRIVATENETWORK
ISSUE - OPIS SPI1
UPLOADED - OPIS SPI1
SEND SPI
DISTRIBUTE
DISTRIBUTE
REAL TIME CONFIRMATION
CONFIRMATION IN TXT
RECEIVE AND SETTLEOPIS
1
1
2
2
3
3
4
RSNP
SNP
Moderador
Notas de la presentación
Confirma en tiempo real, siempre y cuando las instituciones ordenante y receptora tengan web services
CONTROL DASHBOARD RNSP
Sta tus of the EFI Risk Indica tors
Indica tors of Ba lance, Exposed Amount
Lessons learned and new challenges
Lesson learned• The development of new users in the payment systems has obligated the BCE to
diversify the supervision and monitoring of the payment systems.• The incorporation of the Electronic Money System, allowed the financial inclusion of
unbanked users and to be able to make payments in real time.• Coordination with the private sector, public sector and the popular and solidarity
economy.New challenges• Integrate new participants of the private sector in order to reduce the use of
physical money.• In Ecuador, 53.8% of the population does not have a bank account.• The monetary species in circulation (physical money) by may 2017 represents
about 29% of the total liquidity of the economy.• Better monitoring of the liquidity of the economy in Ecuador.• The growth of new technologies means that the Central Bank of Ecuador must be
constantly updated.
