Role of the NBRM in payment system in the Republic of Macedonia
Operational function
The Macedonian Interbank Payment System - MIPS
Participants and Accounts in MIPS
The NBRM opens accounts of the institutions responsible for conducting payment operations. For that purpose the institution responsible for conducting payment operation submits an Application for Opening an Account (on macedonian version), enclosing the necessary documentation required in the application, as well as attaching a List of Authorized Signatories (on macedonian version) and an Contract for Opening an Account (on macedonian version).
All accounts are available to the participant by an electronic way with participation in the MIPS system.
The complete list of Participants in MIPS is available in Microsoft Word format.
The complete list of accounts accessible through MIPS is available in Microsoft Word format.
The participant may close the account in the NBRM by submitting a request for closing an account (on macedonian version). Also, participant’s account may be closed on the basis of court decision or by order of an authorized body.
The account of the participant in the payment operations can not be closed if it contains non-executed orders and bases for collection which have not been transferred to a legal successor.
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