Participants and Accounts

Participants and Accounts in MIPS

The banks operating in the Republic of North Macedonia and supervised by the National Bank are notable participants in MIPS. Also, according to the legislation, participants in MIPS are the National Bank, clearing systems, treasury system, brokerage companies, and other institutions that have signed an agreement with the National Bank.
The complete list of participants in MIPS can be downloaded in Мicrosoft Excel format.  

To participate in MIPS, the potential participant is required to submit an Application for participation in MIPS (available only in Macedonian language). If, upon processing the application, the National Bank determines that all participation requirements are met, an Agreement for participation in MIPS (available only in Macedonian language) is signed with the new participant. By signing the agreement, the participant undertakes to abide by the Operating Rules of MIPS.

The participant opens an account with MIPS by submitting an Application for opening an account (available only in Macedonian language), along with the required documentation listed in the Decision on the general conditions for opening and closing accounts in the National Bank of the Republic of Macedonia and an Application for authorized signatories (available only in Macedonian language). If the necessary conditions are met, an Agreement for opening a transaction account of the participant in the National Bank is signed (available only in Macedonian language).

The participant may close the account at the National Bank in accordance with the Decision on the general conditions for opening and closing accounts in the National Bank of the Republic of Macedonia by filing an Application for closing an account (available only in Macedonian language).

The complete list of accounts in MIPS can be downloaded on this link.