Regulatory Alerts2022-09-07
Notice No. 16/2022 of September 7 - Establishing the Liquidity Assistance Mechanism in the Real-Time Payment System
The Central Bank of Angola issues Notice No. 16/2022 to establish a Liquidity Assistance Mechanism within its Real-Time Payment System, ensuring continuous operational availability across all seven days of the week. The regulation mandates eligible banking institutions to maintain minimum guarantee account balances and outlines intraday liquidity granting procedures, including automatic conversion to overnight facilities upon settlement failure, weekend/holiday interest accrual, and a 1% penalty for insufficient eligible securities. Violations of these mandatory provisions are punishable under the General Regime of Financial Institutions Law, with all interpretive disputes resolved by the Central Bank.
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