Regulatory Alerts2022-09-19
Instruction No. 178 on the Organization of Settlements between Credit Organizations in the Republic of Tajikistan
The National Bank of Tajikistan issued Instruction No. 178 to establish the regulatory framework and operational requirements for interbank settlements within Tajikistan. The Instruction mandates that all domestic credit organizations maintain correspondent accounts or direct correspondent relations with the National Bank to process electronic payments on a gross, real-time basis. It standardizes documentation, defines identification codes, sets liquidity and security obligations for payer and receiver banks, and outlines finality rules, corrective measures, and contractual procedures to ensure a reliable and secure national payment system.
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