Settlement Systems

Settlements forms part of the back office and plays a support role to the reserves management function of the bank. It issues settlement instructions for the FX transactions undertaken by the bank, as part of reserves management, as well on behalf of Government, other central banks in the region  and supranational organizations that maintain accounts with the reserve bank.

Similarly, it undertakes the daily accounting of all  FX transactions undertaken as part of the reserves functions management to ensure that positions and accounts are updated and that relevant information  disseminated to stakeholders is accurate.