Regulatory Alerts2000-12-01
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Notice No. 001/GGBM/2000 of 16 February - Clearing Service Regulations
The Bank of Mozambique approves the Clearing Service Regulations, establishing operating rules for the clearing of checks and negotiable instruments through local, regional, and national sessions. The document mandates participation by authorized credit institutions, defines the scope of clearing, and sets specific deadlines for fund availability and document returns based on geographic location. It also prescribes the use of standardized clearing and return stamps, outlines the composition and powers of the Payments Support Group, and subjects non-compliance to penalties under Notice no. 1/GGBM/96.
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