Regulatory Alerts2022-05-27
Payment System (Eastern Caribbean Automated Clearing House) (Amendment) Rules 2019
The Eastern Caribbean Central Bank issued these 2019 amendment rules to update the operational framework for the Eastern Caribbean Automated Clearing House (ECACH) under Saint Christopher and Nevis law. The amendments introduce critical definitions like clearing cut-off time and VIP items, centralize fee structures within the Operating Procedures Manual, and require one-month written notice for revisions. They further clarify payment finality, define receiving participant responsibilities for image cash letters and item returns, and repeal outdated schedules to streamline ECACH operations effective February 1, 2019.
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