Regulatory Alerts2017-11-07
Notice No. 09/2017: Execution and Fund Availability Timelines for Current Account Deposits, Transfers, and Value Remittances in Angola
The National Bank of Angola issued Notice No. 09/2017 to establish strict execution and fund availability deadlines for deposits, transfers, and value remittances within the Angola Payment System. The regulation mandates immediate availability for cash and electronic money deposits, same-day or next-day settlement for various transfer types depending on processing subsystems, and prohibits banks from charging fees on available funds. It further defines key payment terms, outlines force majeure exceptions, and revokes the previous Notice No. 09/15 to enhance transparency and user confidence.
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