2010-03-16

Regulation (NAP) – Interbank Clearing System Regulation – SICOI

The Central Bank of São Tomé and Príncipe issued this Permanent Application Norm to establish and regulate the Interbank Clearing System (SICOI), mandating licensed commercial, investment, and development banks to participate in electronic and physical clearing of cheques, payment orders, and related documents. The regulation defines participant obligations, operational hours, settlement procedures, fee structures, and the Central Bank's supervisory responsibilities to ensure efficient financial liquidity and risk management within the national banking sector. It further outlines clearance timelines, exception handling for abnormal events, and definitive settlement rules to standardize interbank payment services.

Sao Tome and Principe

Banco Central de Sao Tome e Principe

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