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payment information national payment systems structured payment settlements south africa
payment information structured payment settlements national payment systems south africa

PASA Crisis Handling Committee

The PASA Crisis Handling Committee committee is mandated to assist PASA ExO to achieve the following in a crisis event involving curatorship:

  • To create a forum for the exchange of information (restricted to the contents of the
    formal SARB / curator objectives and directives).
  • To assist the SARB representatives in advising the curator on compliance to
    the agreements and rules.
  • To provide communication to SARB (NPSD) and the curator.
  • To ensure correctness of information communicated to member banks.
  • To provide communication to PCH System Operators.
  • To clarify “rules”.
  • To ensure that PASA monitors continued compliance with affected agreements
    and rules.
  • To record in minute form actions required and contents of all communications.
  • To report to PASA Council and SARB (NPSD) on the process followed, the results of
    the process and any proposals to improve of any processes or actions for
    future implementation. A report will be compiled once the crisis committee has
    completed its function for any specific curatorship.
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payment information national payment systems structured payment settlements south africa
payment information national payment systems structured payment settlements south africa
payment information national payment systems structured payment settlements south africa

 

 
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