Same-day Settlement of Direct Entry Payments

Media Release Number 2013-24: Starting from 25 November, the settlement of Direct Entry (DE) obligations between payments system participants is occurring on a same-day, rather than next-day, basis. At its 15 November meeting, the Payments System Board welcomed the imminent commencement of same-day settlement of DE payments. It noted that the achievement meets one of the objectives set by the Board in its June 2012 Strategic Review of Innovation in the Payments System.