2023-03-17
Banco de Portugal issued Instruction No. 8/2023 to amend Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI). This regulatory update modifies the operational framework for interbank compensation, covering payment instruments such as checks, direct debits, and electronic transfers. The instruction entered into force on March 17, 2023, and applies to credit institutions, the Central Credit Agricultural Mutual Fund, and related entities.
Amends Instruction No. 8/2018, which regulates the Interbank Clearing System (SICOI).
In force
3/2023
Law
Law No. 5/98, of January 31, Art. 14.
Payment Systems, Clearing, Checks, Direct Debits, Commercial Bill, Multibanco, Electronic Payment, Direct Debit System, TARGET2, Interbank Electronic Transfers, Credit Cards, Debit Cards
17-03-2023
17-03-2023
17-03-2023
Credit Institutions
Banks, Central Credit Agricultural Mutual Fund, Credit Agricultural Mutual Savings Banks
Clearing
Instruction No. 8/2018
To improve your browsing experience, this site uses anonymized information provided by cookies. Cookie Policy
Cookies are files or text files containing small amounts of information that are downloaded and stored on the user's device via their browser when visiting a web page. Cookies can be categorized according to the purpose they serve. There are cookies that are strictly necessary for the functioning of the site, while others collect statistical information to analyze site usage and performance, or are used to ensure the provision of additional site functionalities or to save visitor preferences regarding navigation, whenever the same device is used.
This cookie policy is an integral part of the personal data protection policy. Learn more about these policies
Always active These cookies are necessary for the website to function and cannot be switched off in our systems. Normally, they are only configured in response to actions taken by you that correspond to a service request, such as setting your privacy preferences, logging in, or filling out forms. You can configure your browser to block or alert you about these cookies, but some parts of the website will not work. These cookies do not store any personally identifiable information.
These cookies allow us to count visits and traffic sources so that we can measure and improve the performance of our website. They help us know which pages are the most and least popular and see how visitors move around the website. All information collected by these cookies is aggregated and, therefore, anonymous. If you do not allow these cookies, we will not know when you visited our site.
These cookies may be set through our site by our advertising partners. They may be used by these companies to build a profile of your interests and show you relevant ads on other websites. They do not store personal information directly, but are based on the unique identification of your browser and internet device. If you do not allow these cookies, you will have less targeted advertising.
| Checkbox Label | Label | Consent | Leg.Interest |
|---|---|---|---|
| [ ] | label | [ ] | [ ] |
| [ ] | label | [ ] | [ ] |
| [ ] | label | [ ] | [ ] |
| [ ] | label | [ ] | [ ] |