2017-11-10 | BPS/DIR/CIR/GEN/02/039

Extension Of Settlement Banking Arrangement To All The Clearing Sessions

The Central Bank of Nigeria is extending its settlement banking arrangement to all clearing sessions, effective January 1, 2018. Settlement banks are instructed to update their agency agreements with non-settlement banks, and merchant banks without settlement banks must appoint one and inform the CBN by December 15, 2017. This extension aims to maintain stability in net settlement operations for all clearing sessions on the RTGS System.

Nigeria

Central Bank of Nigeria

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