National Clearing System

The National Clearing System is the central system for multilateral clearing at net principle, with guaranteed limits of numerous inter-bank transactions declared in relatively small amounts.

The NKS easily effects all inter-bank transactions by transferring a large number of smaller transactions in a package. All transactions from bank A to bank B are ‘’packaged’’ and sent for processing. The NKS is an ‘’invisible’’, but essential part of payment transactions.

The participants in the clearing are banks, savings banks, savings & loan cooperatives and the Croatian National Bank (HNB); forwarding of transactions into the system and acceptance of clearing results may also be performed by third parties in their name and on behalf of them. Each participant is provided with the possibility of direct view of its current status, while the Croatian National bank may view the statuses of all the participants, as well as manage and supervise the system. The participants also have a limited possibility of managing the processing of their transactions. In addition to the financial part of the system, the participants also have access to the operative part of the business pertaining to them.