13.2

The PMA started publishing its indicator for the business cycle (PMABCI) on a monthly basis since November 2012. 


 IBAN Instructions | What is IBAN?

1. Real-time Gross Settlement (RTGS) – BURAQ System

Operation Operation Trigger Time
 Sunday - Wednesday Thursday
System Open

08:00

08:00
Start of Interbank Fund Transfer Settlements

08:05

08:05
Cut-off for Bank's Balances Injection to settle Cheques Clearing Session Net Positions

10:20

10:20
Transferring Available Funds from RTM to LOM accounts   10:30 10:30
Cut-off for Bank's Injections and Extractions 12:00 12:00
Transferring Available Funds from RTM to LOM accounts 12:05  12:05
Cut-off for Interbank Fund Transfer Settlements  14:45  14:00

2. Automated Clearing House (ACH) System

 

Operation Operation Trigger Time
 Sunday Monday - Wednesday  Thursday 
System Open

14:30 (Last Business Day)

15:30 (Last Business Day)  15:30 (Last Business Day) 
Start of Uploading Clearing Files 

14:35 (Last Business Day)

 15:35 (Last Business Day)  15:35 (Last Business Day)
Submission Cut-off for Cheques

09:45

 09:45  09:45
Trigger Settlement for Cheques  10:05  10:05  10:05
System Close  15:29  15:29  14:29

3. Palestine National Payment Switch System (PNS194)

 

Operation Operation Trigger Time ( Sunday – Thursday )
Start of "End Bank Day" 

10:30

Receiving Bank's Acquirer Clearing Files

08:00 – 10:30

Sending Bank's OBI and OSV Files from PMA

12:00

TPNS Net Position Settlement on RTGS System  12:00 – 13:00