Regulatory Alerts2011-10-24
Regulation No. 2007-04 on the Domestic Address Exchange Service (SRD)
The Central Bank of the Republic of San Marino issued Regulation No. 2007-04 to establish the Domestic Address Exchange Service (SRD), a centralized system for the daily exchange of checks and other financial instruments among participating banks. The regulation defines the operational framework, including participant eligibility, exclusion criteria, and specific procedures for handling physical and electronic document exchanges. It mandates strict timelines for communicating unpaid checks and outlines the accounting settlement mechanisms via interbank accounts to ensure security and reliability in domestic payments.
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