Regulatory Alerts2020-01-01
Operating Rules of the Central Bank of Montenegro Payment System
The Central Bank of Montenegro Council issued these Operating Rules to standardize the procedures, clearing, and settlement of payment transactions within its national payment system. The framework establishes Real-Time Gross Settlement and Deferred Net Settlement systems, detailing participant eligibility, technical connection standards, digital certificate requirements, and security responsibilities. It further mandates specific message formats, priority-based queue management, daily operating schedules, and contingency protocols to ensure secure, efficient, and irrevocable execution of interbank transfers.
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