Regulatory Alerts2019-01-29
Real Time Gross Settlement (RTGS) and Automated Clearing House (ACH)
The Central Bank of Liberia establishes a cost-recovery pricing policy for its Real Time Gross Settlement (RTGS) and Automated Clearing House (ACH) systems to ensure operational sustainability without profit-making. Participant banks are charged through a combination of per-transaction fees, annual maintenance fees, and periodic equipment replacement costs based on actual system expenditures. The framework mandates transparent, monthly invoicing and automatic debits from participant accounts while allowing tariff adjustments to reflect changes in membership structure and future system developments.
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