Decision on the back up ways to perform the Real Time Gross Settlement operations

According to the Article 18. Pr.1. and 3. of the Law on Central Bank of Bosnia and Herzegovina ("Official Gazette of BH" No: 1/97, 29/02, 8/03, 13/03 and 14/03) and Point 1.3.3 of the Operative Rules for RTGS, No: 01-766/04 as of 19.11.2004. , Governor of the Central Bank of Bosnia and Herzegovina , delivers

Decision on the back up ways to perform the Real Time Gross Settlement operations

1. The Decision on the back up ways of Real Time Gross Settlement systems (hereinafter: Decision and RGTS) defines the back up way for RTGS operations.

2. A commercial bank, in order to take part in RTGS should provide the back up ways for RTGS in the contingency situation.

3. CBBH suggests to commercial banks to provide the own back up location for the performance of the RTGS in contingency situation.

4. If a commercial bank does not have the own back up location for the performance of the RTGS, it is required to contract the agreement with at least one commercial bank on the mutual services for the performance of payments systems operations in the contingency situation.

5. Commercial bank is responsible to deliver a copy of the contract contracted with at least one another commercial bank for insight to the CBBH on the mutual relations for the performance of the payments systems operations in the contigency situation.

6. Commercial bank is responsible , depending the Official Decision , to prepare the procedures for the performance of the RTGS in own back up location or with the commercial banks contracted with it on mutual services for the performance of the payments system operations in the contingency situation.

7. Commercial bank is responsible to deliver to the CBBH a copy of Procedures for the performance of the payments systems in contingency situation.

8. The Decision enters in force by the day of its delivery and shall be implemented since 1 January, 2005.


GOVERNOR
Peter Nicholl

No. 01-763/04
Sarajevo, 19.11.2004
    
   
    

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