Regulatory Alerts2019-04-02
Instruction No. 03/19 of April 3, 2019
The Banco Nacional de Angola issued Instruction No. 03/19 to mandate liquidity risk containment and establish specific guarantee requirements for participants in the Automated Clearing House of Angola (CCAA) subsystems. The regulation defines calculation formulas for minimum guarantees across credit transfers, check clearing, direct debits, and the Multicaixa subsystem, while introducing standardized penalties for non-compliance with guarantee establishment and usage. It further authorizes the CCAA operator to debit participant settlement accounts for shortfalls, mandates a 30-day adaptation period, and repeals the prior Instruction No. 01/2019 ahead of its June 3, 2019 effective date.
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