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Financial Messaging System of the Bank of Russia (SPFS)

The Financial Messaging System of the Bank of Russia (SPFS) is a safe and reliable channel for exchanging electronic messages on financial transactions that operates 24/7/365. SPFS is a messaging system, so it can be efficiently used if participating institutions have established mutual correspondent relations.

SPFS clients can send and monitor financial messages in SWIFT formats, use their proprietary formats, exchange ISO 20022 messages and manage the lists of counterparties and the types of financial messages to be received.

Foreign users can connect to SPFS directly or via a Service Bureau. Direct participants interact with the Bank of Russia without intermediaries, pay a fixed fee of RUB 0.8-1.0 (less than USD 0.02) per message, and can act as an SPSF Service Bureau. A Service Bureau exchanges financial messages on behalf of its clients, which have no need to connect to SPFS directly, and independently determines its pricing policy.

Foreign credit institutions are welcome to study the SPFS presentation and send their enquiries to SPFS@cbr.ru. In order to launch the connection process, a legal entity should send a filled-in application form with copies of its registration documents translated into Russian and certified by an apostille to SPFS@cbr.ru.

Department responsible for publication: National Payment System Department
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Last updated on: 04.04.2024