Regulatory Alerts2025-01-09
Settlement Account Agreement within the Real-Time Gross Settlement System (RBTR/RTGS Guinea)
The Central Bank of the Republic of Guinea (BCRG) issued this Settlement Account Agreement to establish the operational framework for participants in its Real-Time Gross Settlement System (RBTR/RTGS Guinea). The agreement mandates that direct and indirect participants maintain a single, non-interest-bearing settlement account per currency (GNF, USD, EUR) to process large-value and urgent payments via real-time SWIFT messaging. It defines strict rules for account opening, priority-based queue management, immediate charging with irrevocable orders, and the acceptance of exogenous system balances under Guinean law.
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