Regulatory Alerts2025-01-09
Convention Between Participants in the National Telecompensation System for Checks, Commercial Instruments, and Bills
The Central Bank of the Republic of Guinea (BCRG) issued this convention to establish the operational framework and responsibilities for the national electronic telecompensation of checks, commercial instruments, and bills. It mandates presenting and drawn institutions to exchange standardized data and scanned images, defines strict verification, rejection, and fund reconstitution procedures, and sets clear timelines for technical compliance and dispute resolution. The agreement binds all listed financial participants to a unified system managed by the BCRG, ensuring legal certainty and operational efficiency across Guinean banking channels.
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