State Bank of Pakistan
July 2, 2008
The State Bank of Pakistan (SBP) launched the new Real Time Gross Settlement System with Depository Module - PRISM (Pakistan Real-Time Inter-bank Settlement Mechanism). CMA designed the system, customized it according to the national regulating authorities and legislation requirements, delivered and installed the software and hardware components.
The Project task was to develop and implement an automated system of real-time collection and processing of payments. In the course of the project, SBP had requested to expand system functionality with a depository module for securities management – DEPO/X. Thus the PRISM system now represents a settlement and depository system.