National Bank of the Republic of North Macedonia

Macedonia, Skopje
July 2001

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CMA, together with Hewlett-Packard, completed a project for the National Bank in the Republic of Macedonia for delivery, installation, and support of a system for Real-Time Gross Settlement (RTGS) system in 2001.

The introduction of RTGS in the republic of Macedonia played a positive role in the country's payment system. The project was based on the widely agreed principle and standards valid for the countries in the European Union. That guaranteed stable connection with the trans-European automated systems for real-time gross settlement.

With the introduction of the new RTGS, the National Bank of Macedonia could offer a secure mechanism for effective management of the system risk and observation of the liquidity of the bank sector.

In 2009 a major upgrade of Macedonian RTGS was carried out: the system was updated to the latest version of CMA's RTS/X solution with enhanced risk management features.