RegAlert

Rule · BOZ · 9 Mar 2023

Circular 07/2023: Implementation of Security Updates on ZIPSS, CSD, and EBOP Network Infrastructure

payments
infosec

The Bank of Zambia requires all commercial banks and designated financial participants to implement final security updates on the ZIPSS, CSD, and EBOP network infrastructure. Participants must execute these changes during their assigned slots between April 6 and April 10, 2023, following a consultant-facilitated transition with no intermediate rollback period. Failure to complete the updates within the scheduled timeframe will result in immediate suspension of access to the affected payment and settlement systems.

ZambiaBank of Zambia

Bank of Zambia

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/ict/bp
March 9, 2023

CB Circular No. : 07/2023
To : All Heads of Commercial Banks

UPDATE – IMPLEMENTATION OF SECURITY UPDATES ON THE ZAMBIA INTERBANK PAYMENT AND SETTLEMENT SYSTEM, CENTRAL SECURITIES DEPOSITORY AND ELECTRONIC BALANCE OF PAYMENTS NETWORK INFRASTRUCTURE

Reference is made to our CB Circular No. 01/2023 dated January 16, 2023, on the above subject matter.

Following the successful implementation of security updates between the participants' production sites and the Bank of Zambia (BoZ) Disaster Recovery site, BoZ is now ready to transition to the final stage which will involve making similar changes between the BoZ production site and the participants' production sites. This change will be carried out in a "big-bang" manner with no transition period between the old and new settings.

This entails that all participants apply the new changes within the change period from April 6 to April 10, 2023. The BoZ has, therefore, engaged a consultant, Micronics Limited, to work with all participants to facilitate this change during the change period, thereby mitigating the risk of service disruption. All participants are urged to make the necessary arrangements to ensure that the security updates are concluded within the allotted time as shown in the attached implementation schedule. Please note that failure to implement these changes will result in the participant losing service to the ZIPSS/CSD and eBOP systems.

We look forward to working with you during this last phase of the programme. Should you require further information on this exercise, please contact our technical team at networkoperations@boz.zm.

Francis Chipimo (PhD)
DEPUTY GOVERNOR – OPERATIONS

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm

SCHEDULE FOR IMPLEMENTING SECURITY UPDATES ON THE ZIPSS, CSD, EBOP NETWORK INFRASTRUCTURE

NO.PARTICIPANTASSIGNED DATETIME
1Bank of China (Zambia) LimitedThursday, April 6, 202317:00 hours
2Atlas Mara BankThursday, April 6, 202318:30 hours
3First Alliance Bank LimitedThursday, April 6, 202320:00 hours
4Citibank Zambia LimitedFriday, April 7, 202308:00 hours
5Zambia Electronic Clearing House LimitedFriday, April 7, 202310:00 hours
6Zambia National Commercial Bank PLCFriday, April 7, 202312:00 hours
7Zambia Industrial Commercial Bank PLCFriday, April 7, 202314:00 hours
8United Bank for Africa Zambia LimitedFriday, April 7, 202316:00 hours
9Ministry of Finance and National PlanningFriday, April 7, 202318:00 hours
10Zambia Revenue AuthoritySaturday, April 8, 202308:00 hours
11Access Bank Zambia LimitedSaturday, April 8, 202310:00 hours
12Ab Bank Zambia LimitedSaturday, April 8, 202312:00 hours
13Investrust Bank PLCSaturday, April 8, 202314:00 hours
14Indo-Zambia Bank LimitedSaturday, April 8, 202316:00 hours
15Ecobank Zambia LimitedSaturday, April 8, 202318:00 hours
16Absa Bank Zambia PLCSunday, April 9, 202308:00 hours
17Stanbic Bank Zambia LimitedSunday, April 9, 202310:00 hours
18Standard Chartered Bank PLCSunday, April 9, 202312:00 hours
19First Capital Bank ZambiaSunday, April 9, 202314:00 hours
20First National Bank Zambia LimitedSunday, April 9, 202316:00 hours
21National Pensions Scheme AuthoritySunday, April 9, 202318:00 hours
22Lusaka Stock ExchangeMonday, April 10, 202308:00 hours
23ZOONAMonday, April 10, 202310:00 hours

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm

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