Regulatory Alerts2025-06-11 | DI&SD Circular No 01Added · Updated
Launch of the Pakistan Real-Time Interbank Settlement Mechanism Plus (PRISM+)
The system introduces customizable dashboards, high-value interbank transfers with immediate settlement finality, and a Central Securities Depository module for primary and secondary market trading, collateral management, and open market operations. Participants must utilize Liquidity Saving Mechanism queues for lower-priority payments and activate reserve placement settings to earmark reserves for specific use cases such as 1Link, Raast, NIFT, and NCCPL. The platform enables automatic Intraday Liquidity Facility provisioning through nominated securities and includes extended operating hours, real-time payment cancellation, and return message support.
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