This system, named "Regional Payment and Settlement System – REPSS" will provide a single gateway for Central Banks within the Region to effect payment and settlement of trades. It will be a complete real-time online system with an open, published interface based on S.W.I.F.T standards.
In spite of the odds, it has been possible to expand lending to households and corporates and sell bonds in the market – increasingly to investors abroad. All along, investors have had confidence in the credit ratings of the bonds and the high liquidity in the mortgage credit market.