BofE call for interest re RTGS - 28 Sept deadline

18 Sep 2018 02:37 PM

The Bank of England is seeking to work with tech firms to explore the demand for implementing synchronised settlement in the renewed Real-Time Gross Settlement...

Synchronisation involves what is called ‘atomic settlement’ – i.e. the transfer of two assets is linked so that the transfer of one asset occurs if and only if the transfer of the other asset also occurs. For certain transaction types - e.g. housing transactions, corporate transactions and cross-border payments -  this functionality could reduce cost and risk, improve efficiency, and support innovative new methods of settlement.  

The Bank is now seeking to consult with interested companies to further explore demand. To find out more, and to register your interest, please visit the Bank’s website or contact RTGSEngagement@bankofengland.co.uk.

In particular, the Bank wants to understand:

Companies can get involved at 2 levels:

Further information and the questionnaire are on the Bank’s website

Or feel free to contact the Bank at RTGSEngagement@bankofengland.co.uk.