Clearing Interbank Systems - KIBS
The Clearing House - Clearing Interbank Systems AD Skopje (KIBS) operates the system for multilateral deferred net settlement for processing of retail payments. Participants in the KIBS' payment system are banks, Treasury System and the Health Insurance Fund. The settlement of net balances is carried out once a day, between 14:30 and 15:30 in MIPS.
Тhe operations of KIBS as a system for deferred net settlement for processing retail payments is regulated by the Law on the National Bank of the Republic of Macedonia, the Law on Payment Operations and regulations prescribed by the National Bank.
According to the Law on the National Bank of the Republic of Macedonia and the Law on Payment Operations, the National Bank is authorized to oversee the safety, soundness and efficiency of payment systems for clearing and settlement. Therefore, KIBS is subject to oversight by the National Bank.
Visit the website of the Clearing Interbank Systems AD Skopje at the following link.