The payment system did not fail

As certain media today has stated that the payment system RIX failed yesterday, the Riksbank wants to clarify that this was not the case.

 

The payment system RIX was held open an extra couple of hours yesterday as there had been large payment flows during the day. At the end of the day, the transactions were not completed in the ordinary way. It has taken longer time than normal for banks to complete the transactions ever since the international financial turmoil began.
The Riksbank has been in contact with the banks regarding this matter and there seem to have occurred some confusions and misunderstandings among the banks. But the situation yesterday was cleared by the banks themselves and the RIX system was closed at 7.15 pm last night.

 

It should be stressed that there were no technical disturbances, nor did the Riksbank lend money to any of its counterparts.