Regulatory Alerts2014-01-01
CB Circular 10/2014 Training of Trainers on Montran RTGS System Operations
The Bank of Zambia issued Circular 10/2014 to require nominated management and operational staff from commercial banks and government entities to attend a cascading training program on the new Montran Real Time Gross Settlement (RTGS) system. Scheduled across multiple sessions in early April 2014 at the Bank’s ICT Training Room, the directive mandates participants to subsequently train internal staff on system operations. The program covers eleven participating financial institutions and agencies, with specific attendance dates assigned to ensure a smooth transition to the upgraded payment infrastructure.
BANK O/ZAMBIA OFFICE OF THE DEPUTY GOVERNOR - ADMINISTRATION 28 March, 2014 CB Circular No: 10/2014 To: All Heads of Commercial Banks TRAINING FOR TRAINERS ON THE OPERATIONS OF THE MONTRAN REAL TIME GROSS SETTLEMENT (RTGS) SYSTEM The above subject matter refers. As you are aware, the Bank of Zambia is in the process of implementing the new Montran RTGS system. In order to ensure a smooth implementation process of the system, a training programme for trainers on the operations of the new RTGS system has been agreed with the vendor, Montran. In this regard, you are kindly advised that training for all participating banks will be as follows:
- 1st April 2014 - Management staff
- 7 th April 2014 - Management staff
- s" April 2014 - Operational staff from the 10 commercial banks and ZECHL IV. 9 th April 2014 - Operational staff from the 9 commercial banks and MOF Training will take place at the Bank of Zambia in the ICT Training Room on the fourth floor of the Executive Building. Training sessions will commence at 09:00 hours. You are therefore, kindly requested to ensure that nominated participants attend this important training programme. It is envisaged that participants trained under this programme will in turn train other members of staff on the operation of the new system within your respective institutions. Kindly find attached hereto, Appendix I detailing the groups of the training programme. ~ Dr Tukiya Kankasa- Mabula DEPUTY GOVERNOR - ADMINISTRATION Cc Director - Banking, Currency & Payment Systems Director - Information & Communication Technology Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-229930 Fax: +260-211-222808 E-mail: tkmabula@boz.zm. Web: http://www.boz.zm
Appendix I (a) Commercial Banks to be trained on s" April, 2014 will be as follows: (i) AB bank limited (ii) Access Bank limited (iii) Barclays Bank limited (iv) BancABC limited (v) Bank of China (vi) Cavmont Bank Limited (vii) Citibank limited (viii) Ecobank limited (ix) First Capital Bank (x) First Alliance Bank Limited (xi) Zambia Electronic Clearing House Limited (b) Commercial Banks to be trained on 9 th April, 2014 will be as follows: (i) Investrust Bank limited (ii) Indo - Zambia Bank limited (iii) Intermarket Bank limited (iv) First National Bank limited (v) Finance Bank Limited (vi) Stanbic Bank limited (vii) Standard Chartered Bank limited (viii) United Bank for Africa limited (ix) Zambia National Commercial Bank (x) Ministry of Finance (xi) Zambia Revenue Authority Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia. Tel: +260-211-229930 Fax: +260-211-222808 E-mail: tkmabula@boz.zm. Web: http://www.boz.zm