Banking Circular No 1 of 2012 - Implementation of New Banking System

BANKI KUU YA KENYA CENTRAI-BANK OF KENYA Hailc Selassie Avcnue P. O. Box 60(XX) - ()0200 Nairobi. Kenya Telephonc: 1860(XX). Far: 3il0192 BANKING CIRCULAR NO. 1 OF 2012 TO: ALL CHIEF EXECUTIYES OF COMMERCIAL BANKS

Implementation Of New Banking System

The Central Bank of Kenya is implementing an integrated core IT banking system to enhance service delivery to clients. The system is scheduled to Go-Live on April 2, 2012. Consequently, we wish to bring to your attention and compliance to the following requirements to facilitate smooth change-over to the new system:

1. The format for MT202 and MT299 SWIFT messages will change and Banks are required to send Letters of Intent for deposits, withdrawals, cancellation and or amendment as shown in annexes 1 to 7 attached to this Circular. The effective date for adopting this new format of SWIFT messages is Friday 23'd March2[l2.

2. In order to adequately prepare for smooth transition to the new core banking system, Banks are hereby notified that; i. Cash deposits and withdrawals will not be transacted from the Central Bank of Kenya outlets on Friday 30th March 2012.

ii. Normal services will resume on Monday 2il April 2O12.

You are kindly advised to contact the nearest Central Bank of Kenya Branch or ouflet for clarifications on this matt€r.

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CBK BRANCHES	CODE
NAIROBI	001
MOMBASA	002
KISUMU	003
ETDORET	004
NYERI	00s
NAKURU	006
MERU	007