A new RIX payment clearing system will be up and running on 9 February. RIX, the central Swedish settlement/transfer system for large payments, is owned and operated by the Swedish Central Bank, Sveriges Riksbank.
The functionality of the new RIX clearing system meets efficiency requirements at Riksbank, Clearing institutions, SEB and other RIX member banks, and will not result in any changes of cut off times or payment processes.
Riksbank, clearing institutions, SEB and other RIX member banks plan to have personnel available throughout the migration to ensure a smooth process. The new RIX system was tested extensively in 2008, and again, prior to the actual migration.
L.D.