Today Bank High Value Transfers are made via the SADC-RTGS

Sending of payments and clearing

Message data set complies with FATF requirements

The tranfer is made between the 2 participants and are
cleared and settled immediately by the RTGS

TCIB Clearing of Tranfers - Bank Transfers

Sending of payments and clearing

Message data set complies with FATF requirements

The tranfer is made between the 2 participants and are cleared and settled immediately by the RTGS

Clearing of Tranfers - Non-Bank Tranfers

Sending of payments and clearing

Message data set complies with FATF requirements

The tranfer is made between the 2 participants and are cleared immediately by the RCSO. Either non-bank to bank or bank to non-bank as well as bank to bank.

Pre-Settlement of Daily Clearing Obligations

Step 2

Daily the RCSO will notify the two participants and their settlement banks of the net obligations to be settled.

Settlement via Central Bank RTGS

Step 3

The central bank will debit the net paying bank and credit the receiving bank in order to ensure timely settlement.

Settlement via Correspondent Banking

Step 3