2012-09-03 | 2107492269

Banking Circular No 2 of 2012 - Implementation of New Banking System

The Central Bank of Kenya is adopting new banking software that will go live on April 2, 2012. A meeting was held with treasury managers and operations officers of commercial banks to discuss the implementation process, including the closure of the KEPSS system at 2.30 pm on March 30, 2012, to facilitate the migration to the new system. This circular informs commercial banks of the KEPSS Operating Schedule on March 30, 2012, with specific timings for sending and receiving payments, net settlement instructions, and final cut-off.

Kenya

Central Bank of Kenya

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