Regulatory Alerts2007-01-01
Decision on the Organization of the Clearing Method for the Settlement of International Payments
The Governing Board of the Central Bank of Bosnia and Herzegovina issued this Decision to regulate the organization and execution of interbank net settlement for international payments. It mandates that participating banks submit payment data electronically to the clearing operator, who calculates multilateral net positions and reports them to the Central Bank for final account settlement. The Decision establishes eligibility criteria for banks, defines the scope of operational rules, and grants the Governor authority to implement necessary measures.
Share