Regulatory Alerts2019-01-03
Instruction No. 01/2019 of January 3, 2019: Payment System – Automated Clearing House of Angola – Guarantees for Balance Settlement
The National Bank of Angola issued Instruction No. 01/2019 to mandate minimum guarantee requirements for participants in the Automated Clearing House of Angola (CCAA) across its Credit Transfer, Check Clearing, Direct Debit, and Multicaixa subsystems. The directive establishes precise formulas for calculating guarantee values based on maximum debtor balances, defines operational procedures for funding settlement accounts, and imposes tiered penalties for non-compliance or settlement failures. It further grants the CCAA operator authority to debit participant accounts when guarantees fall short, repeals prior instructions, and requires full subsystem adaptation within thirty days of publication.
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