Regulatory Alerts2001-05-20
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Notice No. 10/GGBM/2001 of 23 November - Clearing Service Regulations
The Bank of Mozambique partially amends the Clearing Service Regulations to unify settlement deadlines for checks following the introduction of electronic clearing. The amendment modifies Article 12 and Article 13 of Chapter IV, establishing a 48-hour deadline for fund availability for checks drawn on different places and a 24-hour return deadline for checks settled through the national clearing system. This Notice enters into force on the date of its publication and revokes Annex II of the previous regulations.
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