Regulatory Alerts2022-04-27 | CBE12.1CBE Regulation Book 12.1 - Rules Of Payment Systems
The first chapter of the payment systems rules ## First: The list of the instant settlement system ## 1.1 **The list of the instant settlement of interbank payment orders** "RTGS" ## Introduction: (For the purpose of settling payment orders instantly, the Central Bank of Egypt provides the instant settlement system) RTGS (between banks) (subscribers) on their current accounts with the Central Bank and continuously during the working hours of the system. No settlement is made unless the subscriber has a sufficient balance in the system. This system allows for deduction from his account. This system aims to reduce credit risk as well as liquidity management risk for the participating banks) (subscribers) in the system. ## Article (1): Definitions | | تكو | | |----------|----------------|------| | | ن ل | | | | أللفا | | | | ظ والتعبي | | | | را | | | | ت التالية الوا | | | | ردة ف | | | | ي | | |