BankservAfrica’s value-added IDE (intraday exposure) service was introduced to enable banks’ treasurers to view and manage their banks’ settlement exposures during the day, while payment mechanisms are operating. Before this, treasurers faced the daunting challenge of ensuring their banks had enough funding at the Reserve Bank to settle their interbank payment obligations, which was difficult considering that banking customers make millions of interbank electronic payments every day using a variety of mechanisms.
Online, real-time settlement exposure information per payment stream: Commercial bank and Central Bank treasurers are better able to ensure positive positions at settlement on a daily basis. Any institution finding itself in a compromised position has time to arrange collateral by end of day.