Central Banking Rail
Designing a
Pathway to Central
Bank Settlement.
IDBX is architected to support settlement in central bank
money (CeBM), with securities coordinated through an
integrated central securities system (ICSS).
The logic
From fragmented chains
to coordinated rails.
Fragmented Settlement Chains
Traditional interbank workflows separate the cash and securities legs across multiple intermediaries. Cash may settle via commercial bank money or RTGS, while securities coordination occurs through distinct systems, often creating reconciliation layers, timing gaps and operational complexity.
Coordinated Settlement Rail
The cash leg can settle in central bank money (CeBM), recorded on or linked to RTGS where enabled. The securities leg is orchestrated through an integrated central securities system (ICSS), enabling coordinated delivery versus payment within the constraints of the instrument and payment rails. Clients experience a single, coordinated path.
Safest Settlement Asset
Safest Asset: CeBM is widely recognised as the safest settlement asset in any currency, representing a direct claim on the issuing central bank.
Resilience: Settlement in CeBM reduces exposure to commercial bank credit risk and supports more predictable intraday liquidity management.
Finality: Settlement through central bank frameworks enhances legal certainty and systemic stability.
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Modernise interbank flows without replacing your infrastructure.
IDBX integrates alongside existing systems, supporting progressive
adoption and flow by flow migration.
