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Uganda National Interbank Settlement (UNIS)
High value payment transactions pass through the Uganda National Interbank Settlement (UNIS) System, also known as, the BOU Real Time Gross Settlement (RTGS) System.
UNIS: This advanced interbank electronic payment system facilitates safe, secure and real-time transmission of high value funds between accounts in different financial institutions. It was implemented in February 2005 and was upgraded from a client/server based model to a web-based model in August 2009. The UNIS System participant base was expanded from Commercial Banks to include Non-Bank Financial Institutions.
The system has improved efficiency in payment systems by mitigating settlement risk and eradicating time lag for settling high value and time critical payments. They include; clearing house balances, interbank transfers, government securities and money market transactions.
Currently there are twenty six (26) registered UNIS System participants. Turnaround time for a transaction is T+0 (instantaneous) with a maximum time lag of two hours. The average daily processing involves 1200 transactions with a value of around 263 billion Uganda Shillings.
To date, about 85% of large value and time critical payment transactions pass through the RTGS system leaving only 15% to pass through the clearing system.
- Central Bank Rate (CBR)
|August 2019||October 2019|
|August 2019||September 2019|
|Food Crops & Related Items||-1.4||-3.0|
- Exchange Rates
- October 18, 2019
- Financial News Report
|Sept 18, 2019||Sept 25, 2019|
|T/Bills (91 days)||8.87||8.56|
|T/Bills (182 days)||10.83||10.70|
|T/Bills (364 days)||11.63||11.45|
|T/Bonds (2 years)||13.00||13.00|
|T/Bonds (3 years)||13.15||13.15|
|T/Bonds (5 years)||15.10||15.10|
|T/Bonds (10 years)||14.28||14.28|
|T/Bonds (15 years)||14.35||14.35|
- Commercial Bank Rates
|May 2019||June 2019|
|Time Deposit Rate||10.48||9.98|