Regulatory Alerts2015-01-01
Revised Charges and Penalties for ZIPSS and CSD
The Bank of Zambia has issued revised charges and penalties for the Zambia Interbank Payment and Settlement System (ZIPSS) and Central Securities Depository (CSD) to cover daily operational and infrastructure development costs. Effective 1 February 2015, the updated fee schedule excludes infrastructure expenses for VPN, Montran RTGS, and CSD systems, which remain fully funded by the central bank. Commercial banks are expected to pass these operational benefits on to their customers, while the Bank of Zambia reserves the right to adjust the fee structure in the future.
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