Annual Report 2008 - Chapter VI. Other activities of the Bank of Albania

Production date: 21.05.2009

Printed on: 21.05.2009

Author: BANK OF ALBANIA

 

 

During 2008 Bank of Albania’s payment systems reflected security and efficiency, which are indispensable features for a smooth operation of the payment system. Clearing and payments settlement through banks, in the national currency, is carried out through two payment systems: “The real time gross settlement system - AIPS” and “The automated electronic clearing house system - AECH”, in accordance with the interbank payment settlement rules. The real time gross settlement system (AIPS) was accessed by participants to 99.88 percent of its operating schedule. In other words, during 246 business days the system was unavailable for only 2 hours and 22 minutes, due to technical and/or communication problems with the SWIFT.