The EKS is the payment system of Latvijas Banka, which ensures the processing of customer retail payments across the SEPA area (EU countries and Iceland, Liechtenstein, Norway, Switzerland, Monaco and San Marino).
The EKS system provides two services – clearing service that performs net settlement and provides several clearing cycles for settlement on the EKS on a business days in euro and instant payments service that provides continuous payments by executing each bank customer payment within seconds, 24 hours a day, 7 days a week, 365 days per year.
Upon starting to use the services of an EKS service, an EKS participant becomes the user of Proxy Registry "Instant Links".