The Riksbank is amending the contractual conditions applying to participants in the Swedish payment system RIX and participants in the monetary policy operational framework. Among other changes, the requirements placed on RIX participants and monetary policy counterparties are being amended. The amendments apply as from 1 April.
The amendments to the Terms and Conditions for RIX and Monetary Policy Instruments involve changes to the requirements placed on RIX participants and monetary policy counterparties and will make the Riksbank’s monetary policy operational framework easier to understand. Among other changes, the requirements placed on RIX participants and monetary policy counterparties, and the circle of counterparties, are being simplified so that the Riksbank will in future only have one category of monetary policy counterparty. The Riksbank is also introducing a clearer categorisation of monetary policy instruments.
The Riksbank places specific requirements on RIX participants that shall be fulfilled before an institution can be accepted as a participant. Parallel with the role as participant, there are the roles of monetary policy counterparty and counterparty in foreign exchange transactions. The contractual conditions that regulate participation in RIX are contained within the “Terms and Conditions for RIX and Monetary Policy Instruments”. The amendments apply as from 1 April.
