Regulation (NAP) – International Bank Account Number (IBAN)

Banco Central de S.T.P.	N A P <br> PERMANENT APPLICATION REGULATION	CÓDIGO
		OG 01

PROPOSER(S)
P.M.O.G | ENTRY INTO FORCE
12/11/2015 | DATE OF ISSUE
12/11/2015 | DOC NO.
25/2015 | FL.
1/4 |

Subject: International Bank Account Number (IBAN)

Considering the need to continue the standardization process in the field of payment systems, with particular emphasis on the adoption of international standards regarding the use of payment means and instruments.

Considering, likewise, the trend and pressures pointing towards the secure identification of account numbers in cross-border operations, particularly in fund transfers.

The Central Bank of São Tomé and Príncipe, under Articles 2., 8. (paragraphs d) and k)) and 38. (paragraph f)), of its Organic Law, establishes through this regulation the International Bank Account Number (IBAN), determining as follows:

Article 1.
Definition and Principles

1. The IBAN is an international standard that identifies accounts of banking institutions, based on the currently valid Bank Identification Number (NIB), supplemented by a country code prefix and two control digits.

2. It follows the same principles that guided the creation of the NIB in São Tomé and Príncipe, thereby allowing any bank in the country, as the ordering party, to identify the destination account number of an operation when said account is located abroad, and vice versa.

Countersigned	Revocation Details: Revokes NAP 15/2015 of 28/07/2015

Banco Central de S.T.P.	N A P <br> PERMANENT APPLICATION REGULATION	CÓDIGO
		OG 01
PROPOSER(S)
P.M.O.G	ENTRY INTO FORCE
12/11/2015	DATE OF ISSUE
12/11/2015	DOC NO.
25/2015	FL.
2/4

Article 2.
Structure

The IBAN is an alphanumeric information element of 25 digits for São Tomé and Príncipe, with the following configuration:

(Country Code) + (Control Digits) + (NIB)

PPXXAAAABBBCCCCCCCCCCDD

Where:
PP…… Country Code (ISO 3166 Standard) – for São Tomé and Príncipe = ST; XX……Control Digit (MOD 97-10 (ISO 7064 Standard) = 68; AAAABBBCCCCCCCCCCDD……NIB (NAP No. 07/02 of 31/12/2002, 21 Digits)

The IBAN is indicated as follows:

ST68 + NIB

Article 3.
Format

The electronic format IBAN consists of 25 alphanumeric characters without separators. Its paper representation also consists of 25 alphanumeric characters, but is structured in groups of 4 characters separated by spaces.

Examples:
Electronic Format
ST68AAAABBBCCCCCCCCCCDD

Paper Format
ST68 AAAA BBBB CCCC CCCC CD DD

Countersigned	Revocation Details: Revokes NAP 15/2015 of 28/07/2015

Banco Central de S.T.P.	N A P <br> PERMANENT APPLICATION REGULATION	CÓDIGO
		OG 01
PROPOSER(S)
P.M.O.G	ENTRY INTO FORCE
12/11/2015	DATE OF ISSUE
12/11/2015	DOC NO.
25/2015	FL.
3/4

Article 4.
Bank Identifiers

The bank institution encoder, digits AAAA, now has the following configuration:

Institution	Encoder
BCSTP	0001
BISTP	0002
AFRILAND FIRST BANK	0003
BANCO EQUADOR	0004
COMMERCIAL BANK	0007
ECOBANK	0008
ENERGY BANK	0009
BGFI BANK	0011

Article 5.
Information

The provision of information or additional clarifications regarding the application of this regulation should be directed to the Information and Information Technology Directorate of the Central Bank.

Article 6.
Revocation

NAP 15/2015 of July 28, 2015 is hereby revoked.

Countersigned	Revocation Details: Revokes NAP 15/2015 of 28/07/2015

Banco Central de S.T.P.	N A P <br> PERMANENT APPLICATION REGULATION	CÓDIGO
		OG 01
PROPOSER(S)
P.M.O.G	ENTRY INTO FORCE
12/11/2015	DATE OF ISSUE
12/11/2015	DOC NO.
25/2015	FL.
4/4

Article 7.
Entry into Force

This NAP enters into force on the date of its publication.

São Tomé, November 12, 2015.

Countersigned	Revocation Details: Revokes NAP 15/2015 of 28/07/2015