Skip to content
◆ClearingPost

CIFS

RTGS

CBC Interbank Funds Transfer System — Taiwan's RTGS for large-value TWD payments. Transformed to full RTGS in September 2002. Supports DVP settlement for securities and PVP for FX swaps. Connected to FISC (retail clearing), TCH (cheque clearing), and securities settlement.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether CIFS is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for CIFS.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

All recorded changes →

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

Sources No status page recorded · 6 of 14 fields carry a source and a recorded date · latest sourced entry recorded 24 Sep 2026 · evidence details ↓

Record · CIFS

Country
Taiwan (TW)
Currency
New Taiwan Dollar (TWD)
Operator
CBC (Central Bank of the Republic of China)
Type
RTGS
Operating Window
01:00–10:00 UTC · Mon–Fri
Year Established
1995
Tier?
Tier 2
ISO 20022?
Legacy
Region
Asia-Pacific
Settlement Type?
Gross
Participants
85 direct (39 domestic banks, 31 foreign branches, 8 bills finance corps, 6 clearing institutions, 1 postal service)
Avg Daily Transactions
3,312 (2025 daily average)
Avg Daily Value
NT$2.4T/day (2025; NT$600.6T annual)
Availability
Business days, 09:00-17:40 TST (UTC+8)
Notes

Exact close: 17:40 TST (09:40 UTC). DVP mode for bills, stocks, bonds, and government securities. PVP mode for foreign currency swaps. Participants pledge eligible collateral for CBC intraday liquidity. Taiwan also operates: FISC (retail electronic fund transfers, real-time), TCH ACH (batch clearing for direct debits/credits), and eACH (24/7 instant transfers). USD Settlement System operates separately via Mega International Commercial Bank. As of June 2025, DVP-settled interbank CGS transactions reached 58.02% of all interbank CGS settlements.

CBC (Central Bank of the Republic of China) official website →
See all RTGS systems →See all systems in Taiwan →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
BOJ-NETRTGS
Japan · JPY · Bank of Japan
ZenginACH
Japan · JPY · Zengin-Net (JBA)
HVPS (CNAPS)RTGS
China · CNY · CNCC (China National Clearing Center) / PBoC
CIPSHybrid
China · CNY · CIPS Co.
BEPS (CNAPS)ACH
China · CNY · CNCC (China National Clearing Center) / PBoC
IBPSFPS
China · CNY · CNCC (China National Clearing Center) / PBoC

Operations · CIFS

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for CIFS (1)

Coverage whose headline or summary names CIFS, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the CIFS operator or external.

AnalysisMay 26, 2026Headline names “CIFS”
Taiwan's CIFS Settles NT$2.2 Trillion Daily as DVP Adoption Reaches 58 Percent
The Central Bank of the Republic of China operates CIFS as Taiwan's core RTGS hub, connecting 85 participants across six domestic clearing platforms with DVP-based settlement covering 58 percent of interbank government securities transactions as of mid-2025.
Operator source · Central Bank of the Republic of China (Taiwan)