Bangladesh Automated Clearing House (BACH): BACH, the first ever electronic clearing house of Bangladesh, has two components - the Automated Cheque Processing System (ACPS) and the Electronic Funds Transfer (EFT). Both the systems operate in batch processing mode- transactions received from the banks during the day are processed at a pre-fixed time and settled through a single multilateral netting figure on each individual bank's respective books maintained with the Bangladesh Bank. A state-of-the-art Data Center (DC) and a Disaster Recovery Site (DRS) have been established comprising of most modern software and hardware for dealing with the operations of BACH. A Virtual Private Network (VPN) has been created between the participating commercial banks and Data Center (DC) & Disaster Recovery Site (DRS) for communicating necessary information related to BACH. Digital Certificate has been formulated for the first time in Bangladesh for secured data communication.
BEFTN | |||||
Month Name | Total Item Processed | Total Amount | Avg. Item Processed per day | Avg. Transaction Size | |
1 | Sep, 2020 | 5,101,393 | 297,493,787,407 | 231,882 | 58,316 |
2 | Oct, 2020 | 5,322,204 | 296,961,645,315 | 266,110 | 55,797 |
3 | Nov, 2020 | 6,360,579 | 329,917,444,027 | 289,117 | 51,869 |
4 | Dec, 2020 | 5,657,433 | 360,990,730,512 | 269,402 | 63,808 |