Working plan for RTGS system RTGS Work Plan for Business Day for Commercial Banks Time Commercial bankCentral BankExplanation07.30Inform the Main Unit on the amount of funds for RTGS transactional account Start of business dayThis determines amount of funds on RTGS transactional account for certain day Required reserve must stay at the Main Unit and rest of the funds can be transferred to the transaction account in RTGS. 07.50Receive notification on transfer of funds for RTGS account Main Unit requests transfer of funds of commercial bank at the CBBH account to transaction account in RTGSCommercial bank receives an info on credit 08.00Start of sending payments to RTGSRTGS system open for business Payments can be send to RTGSPayments can be settled in RTGSDuring the dayMonitor liquidityMonitor liquidity internally within the commercial bankUsing enquiries for RTGS system (MT298/800, 801, 804)During the dayRequest more funds to be transferred to RTGS transaction account If there are more funds needed in the RTGS, commercial banks now can transfer all their funds from the Main Unit to RTGS (including required reserves if needed), for their needs in RTGS during the day Commercial bank makes arrangements on request with the Main UnitReceives notification on transfer of funds to RTGS account Main Unit requests transfer of funds of commercial bank at the CBBH account to transaction account in RTGSCommercial bank receives an info on credit 16.00**End of sending todays RTGS payments RTGS system stops settlement of payments None of MT100, MT102, MT202 or MT205 payment can be executed after thisIf there are payments in queue for RTGS that were not settled, those payments will be rejected 16.30 aroundReceives notification on transfer of funds outside of RTGS account Central Bank transfers full balance from the transaction account of the commercial bank in RTGS back to the account in CBBH Commercial bank receives a notification of debit16.30 aroundRTGS system closed for business16.45 aroundReceives RTGS balances at the end of day MT950 After 16.45 aroundDoes settlement of RTGS balance at the end of day Checks all transaction in MT950 with regard what commercial banks are expecting and makes sure they match** except in the case of previous agreement with CBBH
