Regulatory Alerts2021-02-12
Instruction No. 03/2021 of 12 February
The Bank of Angola issued Instruction No. 03/2021 to mandate liquidity risk containment and establish guarantee requirements for participants across the Automated Clearing House of Angola (CCAA) subsystems. The directive requires members to maintain minimum guarantees calculated via specific formulas for credit transfers, cheque clearing, direct debits, and the Multicaixa subsystem, while defining precise penalties for shortfalls, settlement failures, and non-compliance. It further authorizes the CCAA operator to debit participant accounts for guarantee shortfalls, mandates a 30-day operational adaptation period, and officially revokes the preceding 2019 instruction effective 1 March 2021.
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