Regulatory Alerts2014-12-12 | Circular 20/2014Added
Circular 20/2014 — Modifies Circular 17/2010
This circular modifies the SPEI Rules to implement a new mechanism for determining participant fees, introducing a variable monthly tariff based on transaction volume and a fixed monthly tariff based on relative market share. It defines "Banking Business Day" and "Calculation Period," establishes fee structures for new participants joining mid-year, and sets specific deadlines for notifications and payments. The changes take effect on December 15, 2014, with specific provisions for the 2015 fixed tariff notification.
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