Payments Department

The Payments Department (AFB) provides the RIX payment system, through which banks and other credit institutions make large-scale payments in Swedish kronor (SEK), and is responsible for the Riksbank’s cash provision. AFB also works to promote the development of the payment market. The aim of all its areas of responsibility is to ensure that payments can be made safely and efficiently.

The RIX payment system makes it easier for market agents to carry out mutual financial transfers without credit or liquidity risks. AFB runs RIX and provides intraday loans in connection with RIX and administrates the collateral pledged to the Riksbank by its counterparties.

The Riksbank has the exclusive right to issue Swedish banknotes and coins and is responsible for the provision of cash in Sweden. AFB performs tasks related to cash provision, including the supply of banknotes and coins and the redemption of invalid and damaged banknotes and commemorative coins.

The E-krona Division is tasked with investigating the possibilities and preparing for the possible issue of a Swedish central bank-issued digital krona. This work includes drafting proposals for the design of, and requirements for, the e-krona and making other necessary preparations for a possible issuance phase.

The department follows developments on the payment market, both in Sweden and internationally, in order to be able to adapt our activities, propose policy measures and help drive forward development on the payment market. Parts of the department’s analysis are published in the annual payment report.