Interbank settlements

The proELIX clearing platform is a dedicated, flexible system for the exchange of data between systems operated in the bank and external clearing systems. The system is for domestic PLN-denominated messages within the Elixir and SORBNET2 systems. It also includes domestic and cross-border credit payments in EUR, including SEPA payments, in accordance with the international settlement standards of the Single Euro Payments Area, within the Euro Elixir system. The system also enables the processing of payments in currencies other than in EUR.

The proELIX platform makes it possible to reduce the costs of operating and maintaining the bank’s settlement systems and to streamline settlement processes, increasing operational efficiency and strengthening the bank’s position on the market.

The proELIX system has a modular structure. Each module can work as a standalone banking application or work together with other proELIX components in a unified settlement platform.

Functionality of individual modules

• ediELIX– The module enables the handling of payment orders denominated in PLN and of complaint and information messages sent by one or more direct settlement participants to the Elixir – C central system operated by the NCH (National Clearing House).
• euroELIX– The module enables the exchange of messages between the Bank’s IT system and the Euro Elixir-C system at the NCH. The system is for domestic and cross-border SEPA payments.
• fastELIX– The module is responsible for data handling and data exchange with the Express ELIXIR System at the NCH.
• intraELIX– The module provides intermediation in the exchange of payment and information orders between units/branches/internal systems of the Bank. It allows for settlement of interbank messages without the NCH as the intermediation.
• sorbELIX– The module enables the handling of orders in PLN, exchanged with the SORBNET2 System (operated by the NBP) using the SWIFT network services. The module also enables, in the A2A mode, monitoring of accounts and management of the bank’s queue of orders.
• t2ELIX– The module is responsible for handling large-value payments in EUR that are exchanged with the TARGET2 System using the SWIFT network services.
• currELIX– The module is for payment and information messages denominated in any currency, exchanged under the correspondent banking using the SWIFT network.
• bulkELIX– The module for handling and exchange of large volumes of data in a short period of time. Thanks to data aggregation mechanisms, it allows the posting and reconciliation of receipts on bank customers’ accounts to be faster and automated.
• billELIX– The module for the exchange and handling of domestic currency orders directly between banks, based on bilateral agreements.
• Router– The module is responsible for import of transactions into the appropriate channel, according to defined routing rules.

Benefits

• Eliminating the costs of the bank’s internal systems by centralising interbank settlements.
• Full control over the flow of funds in the bank.
• Advanced analysis and reporting capabilities, including the creation of forecasts and trends, and dashboards.
• Flexibility and phasing for adding new systems and settlement channels.
• Reduced processing time thanks to full automation and minimisation of operator activities.
• Saving resources, time and money by guaranteeing that the system complies with current regulations.
• Shorter implementation time and lower maintenance costs of the proELIX thanks to the availability of the System via a web browser.