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2020-10-08 | BKS/CRO/GEN/BNK/04/061

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Compliance With The SWIFT Universal Payment Confirmations

The Central Bank of Nigeria circulates a letter to banks operating in Nigeria, reminding them to comply with SWIFT Universal Confirmations requirements. Banks are required to confirm the outcome of incoming single customer payments (MT103 messages) to SWIFT via Tracker within two business days. SWIFT measures compliance by tracking whether financial institutions confirm 80% of their weekly payments.

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Central Bank of Nigeria

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