{"id":266,"date":"2016-05-31T10:15:10","date_gmt":"2016-05-31T08:15:10","guid":{"rendered":"https:\/\/www.bits.no\/?page_id=266"},"modified":"2017-07-06T14:19:05","modified_gmt":"2017-07-06T12:19:05","slug":"behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto","status":"publish","type":"page","link":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/","title":{"rendered":"Settling transactions in NICS- NICS NETTO and NICS Brutto"},"content":{"rendered":"<p>On a daily basis, NICS produces five multilateral net clearings. These are referred to as NICS Netto. The clearings include mass payments, card transactions, various high-value transactions, interbank loans and repayments of such loans between financial institutions. The number of daily clearings, submission deadlines etc. are regulated by NICS\u2019 operating schedule, which is covered in Appendix 1 of NICS\u2019 regulations. Clearings from NICS are sent to Norges Bank where they are settled via the bank\u2019s settlement account in Norges Bank\u2019s Settlement System (NBO) in accordance with NBO\u2019s operating schedule.<\/p>\n<p>All the financial institutions that participate in NICS are obliged to deliver transactions and receive account data to\/from all clearings.<\/p>\n<p>Financial institutions have to meet the following deadlines for NICS Netto:<\/p>\n<ul>\n<li>Morning-clearing \u00a0\u00a0\u00a0\u00a0 05.30am<\/li>\n<li>Mid-clearing no.1 \u00a0\u00a0\u00a0 09.30am<\/li>\n<li>Mid-clearing no.2 \u00a0\u00a0\u00a0 11.30am<\/li>\n<li>Mid-clearing no.3 \u00a0\u00a0\u00a0\u00a0 \u00a01.30pm<\/li>\n<li>End-clearing\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a03.30pm<\/li>\n<\/ul>\n<p>Clearings are sent to NBO for settlement shortly after the deadline has passed.<\/p>\n<p>Payments over 25 million Norwegian Kroner (NOK) are processed separately through NICS Brutto (Gross settlement). Transactions that are processed via NICS Brutto are forwarded to Norges Bank immediately. Only banks that participate in NICS Level 1 can participate in NICS Brutto. Transactions sent through gross settlement can be sent in Swift or NIBE format. Level 1 banks can also send Swift transaction for processing in NICS Brutto, regardless of whether the amount is less than 25 million Kroner by marking the transaction REG or HASTE.<\/p>\n<p>Processing of transactions in NICS consists of three main steps:<\/p>\n<ul>\n<li>Reception and control (validation) of transactions received from financial institutions and their serviceproviders (on behalf of banks). Transactions are received in SWIFT- format and national format; BOLS (card transactions) and NIBE.<\/li>\n<li>Configuration and transfer of settlement basis (clearing) for the bank settlements in Norges Banks settlement system, NBO.<\/li>\n<li>Disclosure of account data to banks following confirmation of settlement in Norges Bank.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On a daily basis, NICS produces five multilateral net clearings. These are referred to as NICS Netto. The clearings include mass payments, card transactions, various high-value transactions, interbank loans and repayments of such loans between financial institutions. The number of daily clearings, submission deadlines etc. are regulated by NICS\u2019 operating schedule, which is covered in&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/\" title=\"Read Settling transactions in NICS- NICS NETTO and NICS Brutto\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"parent":11,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-nics.php","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-266","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Settling transactions in NICS- NICS NETTO and NICS Brutto - Bits AS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Settling transactions in NICS- NICS NETTO and NICS Brutto - Bits AS\" \/>\n<meta property=\"og:description\" content=\"On a daily basis, NICS produces five multilateral net clearings. These are referred to as NICS Netto. The clearings include mass payments, card transactions, various high-value transactions, interbank loans and repayments of such loans between financial institutions. The number of daily clearings, submission deadlines etc. are regulated by NICS\u2019 operating schedule, which is covered in... Read more &raquo;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/\" \/>\n<meta property=\"og:site_name\" content=\"Bits AS\" \/>\n<meta property=\"article:modified_time\" content=\"2017-07-06T12:19:05+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bits.no\\\/en\\\/nics\\\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\\\/\",\"url\":\"https:\\\/\\\/www.bits.no\\\/en\\\/nics\\\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\\\/\",\"name\":\"Settling transactions in NICS- NICS NETTO and NICS Brutto - Bits AS\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bits.no\\\/#website\"},\"datePublished\":\"2016-05-31T08:15:10+00:00\",\"dateModified\":\"2017-07-06T12:19:05+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bits.no\\\/en\\\/nics\\\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bits.no\\\/en\\\/nics\\\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bits.no\\\/en\\\/nics\\\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Hjem\",\"item\":\"https:\\\/\\\/www.bits.no\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NICS\",\"item\":\"https:\\\/\\\/www.bits.no\\\/en\\\/nics\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Settling transactions in NICS- NICS NETTO and NICS Brutto\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bits.no\\\/#website\",\"url\":\"https:\\\/\\\/www.bits.no\\\/\",\"name\":\"Bits AS\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bits.no\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Settling transactions in NICS- NICS NETTO and NICS Brutto - Bits AS","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/","og_locale":"en_US","og_type":"article","og_title":"Settling transactions in NICS- NICS NETTO and NICS Brutto - Bits AS","og_description":"On a daily basis, NICS produces five multilateral net clearings. These are referred to as NICS Netto. The clearings include mass payments, card transactions, various high-value transactions, interbank loans and repayments of such loans between financial institutions. The number of daily clearings, submission deadlines etc. are regulated by NICS\u2019 operating schedule, which is covered in... Read more &raquo;","og_url":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/","og_site_name":"Bits AS","article_modified_time":"2017-07-06T12:19:05+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/","url":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/","name":"Settling transactions in NICS- NICS NETTO and NICS Brutto - Bits AS","isPartOf":{"@id":"https:\/\/www.bits.no\/#website"},"datePublished":"2016-05-31T08:15:10+00:00","dateModified":"2017-07-06T12:19:05+00:00","breadcrumb":{"@id":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bits.no\/en\/nics\/behandling-av-transaksjoner-i-nics-nics-netto-og-nics-brutto\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Hjem","item":"https:\/\/www.bits.no\/en\/"},{"@type":"ListItem","position":2,"name":"NICS","item":"https:\/\/www.bits.no\/en\/nics\/"},{"@type":"ListItem","position":3,"name":"Settling transactions in NICS- NICS NETTO and NICS Brutto"}]},{"@type":"WebSite","@id":"https:\/\/www.bits.no\/#website","url":"https:\/\/www.bits.no\/","name":"Bits AS","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bits.no\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/pages\/266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/types\/page"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":0,"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/pages\/266\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/pages\/11"}],"wp:attachment":[{"href":"https:\/\/www.bits.no\/en\/wp-json\/wp\/v2\/media?parent=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}