Regulatory Alerts2014-11-27
Circular No. 03/EPC/2014, of November 27 - Availability Period for Funds from Cheque Deposits in the Issuing Credit Institution, Cash Deposits, and Interbank Transfers
The Central Bank of Mozambique issued Circular No. 03/EPC/2014 to mandate immediate fund availability for cash deposits, interbank transfers, and cheque deposits at issuing credit institutions. The regulation requires that all such funds be credited to the final beneficiary's account immediately following each transaction, thereby standardizing liquidity timelines across payment channels. Effective thirty days after its November 27, 2014 signing date, the circular supersedes conflicting provisions and directs interpretive queries to the Bank's Payment Systems Department.
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