Narodowy Bank Polski

Press Release
13 June 2001

On June 13th, 2001, the meeting of the Payment Systems Council, an advisory body to the Management Board of the National Bank of Poland, was held.

The meeting of the Council was presided by Jerzy Stopyra, the Chairman of the Council, First Deputy President of the National Bank of Poland.

The Payment Systems Council:
  1. discussed problems connected with the distribution of pensions and disability allowances to bank accounts by ZUS. One should emphasize the fact that only in approximately 30% of cases it is possible to pay out pensions or disability allowances in a non-cash form,
  2. discussed the schedule of actions aimed at the elimination of paper from interbank settlements. This ambitious intention of the banking sector has got a chance to be applied, inter alia, on condition that a considerable progress is made in the implementation of standard forms of settlement documents and standard numbers of bank accounts (NRB), and that payment orders are made more popular as a form provided for making constant payments at relatively small amounts,
  3. was submitted the information on the so-called "cutting" of checks from savings and checking accounts and discussed the outlook for its range extension by the remaining types of checks,
  4. evaluated the actual status of treasury securities settlement systems and discussed the proposals for future solutions,
  5. was submitted the analysis of the Polish payment system adjustment to the requirements applied in the European Union, which was prepared by the Payment Systems Department of NBP,
  6. issued a positive opinion to the prepared by the Payment Systems Department of NBP schedule of getting the NBP ready to apply the principle of setting fees by the central bank at the level of the full cost coverage, which was defined in recommendations of the European Central Bank.
The Council has decided that the date of its next meeting will be set in the course of business.

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