Regulatory Alerts2019-01-02
Added · Updated
Instruction No. 01/2019 of January 3
The National Bank of Angola issued Instruction No. 01/2019 to mandate risk containment and guarantee requirements for participants in the Automated Clearing House of Angola (CCAA) subsystems. The directive establishes minimum guarantee values calculated via specific formulas for the Credit Transfer, Check Clearing, Direct Debit, and Multicaixa subsystems, while defining strict penalties for insufficient guarantees, settlement failures, and non-compliance. It further authorizes the CCAA operator to debit participant settlement accounts for shortfalls, mandates operational adaptations within thirty days, and revokes prior instructions to ensure seamless payment system liquidity.
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