Regulatory Alerts2015-12-09 | 130292Regulation on the Gross Real-Time Settlement System in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish and govern the Gross Real-Time Settlement System, defining its operational framework, participant eligibility, and settlement rules. It mandates immediate, unconditional, and irrevocable final settlements for interbank urgent and large-value payments processed on a FIFO basis within real-time operating hours. The document further standardizes participation requirements, operator responsibilities, and technical infrastructure while outlining procedures for suspension or termination of participant status.
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