Regulatory Alerts2005-12-15 | 105747Added · Updated
Regulation on the Batch Clearing System for Small Retail and Regular Payments in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic establishes the operational framework for the Batch Clearing System for Small Retail and Regular Payments, defining participant categories including direct, indirect, sub, and special participants. The regulation mandates the use of a 'all-or-nothing' principle for final settlement and sets strict liquidity limits on net debit positions, rejecting payments that exceed these thresholds. It outlines the processing rules for various payment types, such as credit transfers and direct debits, and specifies the responsibilities of the clearing center and participants regarding data integrity, security, and finality of transactions.
More like this from NBKR
We email you every new NBKR publication the day it's published.