Regulatory Alerts2025-10-28
Zambia Interbank Payment and Settlement System (ZIPSS) Operating Rules
The Bank of Zambia promulgates these operating rules to regulate the Zambia Interbank Payment and Settlement System (ZIPSS), the country’s Real Time Gross Settlement platform for high-value financial transactions. The document mandates strict access criteria, operational capacity standards, and cybersecurity requirements for all participating commercial banks, clearing houses, and the National Treasury. It establishes comprehensive frameworks for liquidity management, payment message processing, business continuity, insolvency protocols, and dispute resolution to ensure system stability and final settlement.
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