The Matching system on the OTC markets is an electronic system of the Central Bank for matching messages for transfer of ownership of securities that are traded in the OTC markets. The system allows admission, control and matching of messages for transfer of ownership sent by the buyer and the seller after the securities trading. The system compares the elements of messages for transfer of ownership and if messages match, it generates and sends a unique message for transfer of ownership to the appropriate securities depository (CB Bills Depository, in the case of trading CB bills, or to the Central Securities Depository when all other securities are traded). Finally, once the securities ownership is transferred to in the relevant depository with simultaneous transfer of funds in MIPS, participants are being informed of the outcome of the settlement system through the matching system.