Regulatory Alerts2013-04-22
Notice No. 05/2013 of April 22
The Banco Nacional de Angola issued Notice No. 05/2013 to mandate that all interbank credit transfers previously executed via Credit Documents must now be processed through the Credit Transfer System (CTS) or Real-Time Payment System (RTPS). This directive revokes specific provisions of the Value Clearing Service Regulations and eliminates Credit Document references to resolve operational inefficiencies between the VCS and CTS. Furthermore, it establishes updated payment procedures for clearing fees, logical file disputes, and service charges, ensuring centralized SWIFT-based communication and defined settlement timelines for participants.
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