Since its inception in 2015, more than 700 000 transactions to the value of almost R3.1 trillion have been cleared on the SIRESS platform. Page 5 of 7  The SARB is also a member of the AACB.
The Eurosystem clearly stands in the tradition of best practice in central banking – as exemplified by the Bundesbank prior to the introduction of the euro. The Eurosystem’s twopillar monetary policy strategy inherited the concept of the Bundesbank monetary pillar – which my own previous institution, the Banque de France had also chosen in January 1994 as soon as it became independent.