Regulatory Alerts2019-01-29
Real Time Gross Settlement (RTGS) System Rules
The Central Bank of Liberia promulgates these Rules to govern the Real Time Gross Settlement System, designating CBL as the system operator and mandating written acceptance for all participating financial institutions. The framework establishes strict access criteria, intraday liquidity facilities, and collateral requirements while ensuring the finality of large-value interbank payments through standardized queue management and priority processing. Additionally, it delineates participant obligations, contingency protocols, dispute resolution procedures, and compliance reporting to guarantee operational stability and system integrity.
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