BACKWARD 1 HOURS FOR THE INTER-BANK ELECTRONIC PAYMENT SYSTEM’S APPLICATION TIME
This is the new directive of the State Bank of Vietnam (SBV) at the Circular No. 13/2013/TT-NHNN amending and supplementing a number of Articles of the Circular No. 23/2010/TT-NHNN dated November 09, 2010 of the State Bank Governor regulating on the management, operation and use of inter-bank electronic payment system.
At this Circular, SBV promulgates the application time in the inter-bank electronic payment system as follows: Time to implement the technical check and create the data at the beginning of day of the joint-bank e-payment system is eight working hours (7.30 am in previous regulations); time for units to stop sending the payment order with low value is 16 hours and stop sending the payment order with high value is 17 hours of working day (backward 1 hours compared with previous regulations); Similarly, from 4.10 pm, implementing the final settlement of clearing items with low value; from 5.15 pm, implementing the works at the end of day, contrast and confirm the data with National Processing Center;
Also in accordance with this Circular, in the special case due to technical errors, transmission errors or the amount of documents arise too much at the end of transaction day, Local Processing Center and the State Bank branches can propose National Processing Center to prolong the time of money transfer of the joint-bank e-payment System (in papers, or by telephone, or by emails) to handle the payment documents received during the day, but the time of prolonging doesn’t exceed 30 minutes for the time marks as (the previous regulations only allow not exceed 15 minutes).
This Circular takes effect on August 01, 2013.
