Narodowy Bank Polski

About NBP: Structure

Payment Systems Department

Director: Adam Tochmanski

The Payment Systems Department is the unit of the NBP Head Office that performs tasks related to the operation and development of the Polish payment system, the oversight of the systems operated within the domestic payment system, analysing the performance of payment systems in other countries and cross-border payment systems, developing standards in this field at NBP, operating the accounts of banks, and performing inter-bank settlements.

The Department's basic tasks are as follows:
  • developing overall lines of strategic changes within the Polish payment system and initiating measures aimed, among others, at minimizing the systemic risk in the payment system, facilitating payment transactions and increasing their safety, and promoting non-cash settlements.
  • gathering information and data related to the payment system and conducting analyses and research of the following: the performance of the Polish payment system; the operation of payment systems in other countries; the operation of cross-border payment systems (TARGET2 in particular); the links between the payment system, the securities settlement systems and the systems for the settlement of foreign exchange transactions; and the turnover of non-cash transactions in Poland and other countries.
  • performing tasks related to the systemic oversight of the payment system by NBP.
  • analysing securities settlement systems operated by NBP and the National Depository for Securities S.A. and performing oversight of securities settlement systems operating in Poland.
  • determining the way of assigning numbers to bank accounts operated by banks, the manner of performing interbank settlements, the conditions for opening and operating accounts of domestic banks in NBP.
  • conducting and coordinating work on the standards within NBP, excluding issues related to the electronic document interchange as well as backup and computerization of clerical activities.
  • operating accounts of banks in Polish zloty and euro, including:
    • preparing bank account agreements detailing the terms and conditions for NBP's operation of accounts of banks and other entities (within SORBNET2 and TARGET2-NBP systems),
    • accepting and executing payment orders of banks, NBP and other entities that hold their accounts at the Department,
    • ongoing servicing of the real-time gross settlement system (SORBNET2 and TARGET2-NBP), assessing its performance, preparing and implementing new solutions to it, and improving the system's communication with other IT systems operated at NBP (among others, securities settlement systems) and externally.
    • cooperation with the Domestic Operations Department with respect to the required reserves, refinancing loans, intraday credit facility denominated in Polish zloty and intraday credit facility denominated in euro, open market operations and operations regarding treasury bills and NBP money market bills.
  • performing tasks related to:
    • operating the NBP's RTGS account in euro in TARGET2-NBP system,
    • NBP participation in TARGET2 and STEP-2 systems,
    • ongoing servicing of the TARGET2-NBP system and the assessment of its performance; cooperation with the European Central Bank and other central banks in preparing system upgrade proposals.
  • maintaining accounting records of performed monetary operations, inventorying cash, other account receivables and payables, and performing financial reporting based on the entries in the accounting books.
  • carrying out analysis and research on payment and financial innovations that emerge and are implemented in Poland and in the world.

NBP interest rates

Reference rate 5.25
Lombard rate 5.75
Deposit rate 4.75
Rediscount rate 5.30
Discount rate 5.35

Exchange rates

Table of 2022-05-17
1 EUR4.6558
1 USD4.4379
1 CHF4.4542
1 GBP5.5377
100 JPY3.4307

Economic outlook

Monthly data

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Financial markets

Numismatics

Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

tel.:
+48 22 185 10 00
e-mail: listy@nbp.pl
ePUAP:/NBP/SkrytkaESP
NIP: 525-000-81-98
REGON: 000002223
SWIFT: NBPL PLPW
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