Central Banking

SARB-payment system risk reductions measures

SOUTH AFRICA - The South African Reserve Bank announced on Apr 5, 2001, that it has embarked on a phased implementation of certain risk reduction measures in the national payment system (NPS) in order to comply further with the BIS's "Core Principles for Systemically Important Payment Systems".

The bank said these measures relate specifically to the settlement of inter-bank obligations arising from the exchange of payment instructions in the payment clearing houses (PCHs) and the risks involve

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