In this regard, EAPS has many benefits, they include: •  Real time transfer of funds across the EAC borders;  •  Transfer of large value payments in the region;  •  Enhanced safety through use of the SWIFT infrastructure;  •  Increased accessibility as it is available in all the commercial banks;  •  Same day settlement;  •  Increased reliability through integration with RTGS; and,  BIS central bankers’ speeches  1  •  Improved risk control mechanisms.
*** Now I will turn to the new rules on crisis management of credit institutions. These rules are expected to enter into force in Denmark on 1 June 2015.