Central Bank of Nigeria

Implementation of RTGS System (RTS/X) and CSD (DEPO/X)


Nigeria, Lagos
January 12, 2014

The Central Bank of Nigeria launched the new payment system Real-Time Gross settlement (RTGS) and the Scripless Security Settlement System (SSSS) as part of efforts for implementation of the Payment System Vision (PSV) 2020 strategy.
The Real-Time Gross Settlement (RTGS) is an interbank payment infrastructure that facilities the real-time settlement of electronic funds transfer on a gross and irrevocable basis. It is built on SWIFT standards allowing safer, easier and faster interconnectivity with other payment system infrastructures both locally and internationally.
The Scripless Security Settlement System (SSSS), on the other hand, is a new initiative to issue, manage and settle government and other money market securities processed as electronic records in a Central Securities Depository (CSD) system. SSSS facilitates the electronic management of the entire life cycle of securities transactions, manages primary and secondary market securities, and facilitates efficient open market operations. In addition, RTGS and SSSS integration facilitate the reduction of settlement and systemic risks in the payment system and provision of collateral management platform to mitigate settlement risks.

Download case

Success stories

Show all stories

Common Market for Eastern and Southern Africa


Bank of Central African States BEAC

rts/x, depo/x

Bank of Sierra Leone

Central Bank of Bahrain

Contact us

Need help?
Connect with CMA and see what we can do for you.

Thank you! Your submission has been received.

We will contact you soon!

send again
Oops! Something went wrong while submitting the form.
Contact us

Done! Case study is ready to download

Oops! Something went wrong while submitting the form.