
Central Bank of Nigeria
Circular on the Prevention of Exposures to Banks Through Payments Solutions
- Author
- Central Bank of Nigeria
- Reference No.
- BPS/DIR/GEN/CIR/03/006
- Year
- 2016
- Pages
- 2 pages
This circular directs banks and payments solution service providers to generally provide customer value only after settlement, permits instant value where transactions are supported by adequate collateral, requires providers to implement exception monitoring and alerts for detecting anomalies, and mandates joint ICT capacity planning to…