COMESA - Common Market for Eastern and Southern Africa

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COMESA - Common Market for Eastern and Southern Africa

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COMESA - Common Market for Eastern and Southern Africa

CMA has provided regional Payment and Settlement System (REPSS), to the COMESA Clearing House with headquarters in Lusaka, Zambia. The REPSS system is based on CMA product RTS/X (Real-Time Gross Setlement System). COMESA was initially established in 1981 as Preferential Trade Area for Eastern and Southern Africa (PTA). The PTA was transferred into COMESA in 1994. Today 20 countries in East and South African regions are members of COMESA, those are: Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Swaziland, Uganda, Zambia and Zimbabwe. The COMESA Clearing House has been mandated to implement a system to facilitate cross-border payment and settlement between Central Banks in the COMESA region. New system provides single gateway for Central Banks within the Region to effect payment and settlement of trades. It is a complete real-time online system with an open, published interface based on SWIFT standards.

Status: Currently under implementation
 

 Case study (560 kb) PDF RTS/XPIE   

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