RTGS Management

RTGS Management

Plug-B

Plug-B

LEADS’ Plug-B is a specifically designed RTGS Management platform to meet and exceed the standard required by today’s Central Banks for Real-Time-Gross-Settlement processing. The Plug-B solution handles very high volumes of large-value domestic payments and combines efficiency and reliability of service with sound position maintenance and intraday liquidity management facilities.

RTGS is an electronic inter-bank transactions settlement system where transfer of funds or securities take place from one financial institution to another on a `real time’ and on `gross’ basis. Bangladesh Bank has taken initiative to introduce RTGS system (BB-RTGS) in the country. All the schedule banks are required to take necessary preparation(s) to perform live transaction over BB-RTGS system. BB-RTGS will use MX (ISO 20022) message format for data exchange between central bank’s system and participating financial institution’s system.

Features

Works as a Message processor the system supports message formats (MX, ISO 20022) guided by Bangladesh Bank for data exchange between central bank’s system and participating bank’s system
Easy integration with all bank applications using various protocols (e.g. Web-service, ISO 20022, or file exchange)
Inter bank money transfer system
Auto validation and return facility
No waiting period- settled immediately
All transaction reflected in central bank account
Bulk upload option using browser based Interface
Control liquidity on bank defined policy
User alert message in case available liquidity falls below specified level
SMS alert notification of customer payments

Transaction Types

Interbank Transactions [Money Market Transactions, (Govt.) Security Transactions, Domestic Forex. Transactions]
Settlement files from other DNSs [BACPS, BEFTN, NPSB]
Customer Transactions [C2C, C2B, C2P]

Customers