Bulgaria

Introduction

General Introduction to be added here

Payment Systems

Payment System Name	System Type	Currency	Clearing Type	Settlement Type	Operating Model	Operator	Regulator
RINGS - Real-time INterbank Gross-settlement System	RTGS	BGNBulgarian Lev	Real-Time	Gross	Y Copy	Bulgarian National BankOperator Type:Central Bank	Bulgarian National BankRegulator Type:Central Bank
BISERA 6	ACH	BGNBulgarian Lev	Deferred	Multi-lateral Netting	0	BORICA ADOperator Type:3rd Party	Bulgarian National BankRegulator Type:Central Bank
BORICA	Card Network	BGNBulgarian Lev	Deferred	Multi-lateral Netting	0	BORICA ADOperator Type:3rd Party	Bulgarian National BankRegulator Type:Central Bank
BISERA 7 EUR	ACH - Credit	EUREuro	Deferred	Multi-lateral Netting	0	BORICA ADOperator Type:3rd Party	Bulgarian National BankRegulator Type:Central Bank
TARGET2-BNB	RTGS	EUREuro	Real-Time	Gross	0	Bulgarian National BankOperator Type:Central Bank	Bulgarian National BankRegulator Type:Central Bank

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Snapshot

Currency	Bulgarian Lev
Economic Bloc
Banking Regulator	Bulgarian National Bank
Payment Systems Regulator	Bulgarian National Bank
Capital Markets Regulator
System Operators	Bulgarian National Bank BORICA
Participants

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Evolution of Payment Systems

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