2015-01-01

Circular 02/2015: Revised Charges and Penalties for ZIPSS and CSD

The Bank of Zambia issues Circular 02/2015 to establish revised fee structures for the Zambia Interbank Payment System (ZIPSS) and Central Securities Depository (CSD). The directive mandates tiered transaction charges for MT103 and MT202 payments based on processing windows, alongside fixed administrative fees for VPN bandwidth, RTGS registration, and e-Token requests. It also imposes strict penalty charges for end-of-day transaction cancellations, insufficient fund queuing, invalid entries, and operating hour extensions, while applying a two percent handling fee on primary treasury bill and government bond auction income.

Zambia

Bank of Zambia

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