Comesa Clearing House
Comesa Clearing House
Comesa Clearing House
(REPSS)
COMESA
CLEARING
HOUSE
A A B B
Customer A Customer B
(Payer) (Beneficiary)
Bank of Mauritius
• Bank of Mauritius
• Commercial banks
Bank of
REPSS Mauritius
Roles Clearing Role Settlement
house Bank
System
Operator
Commercial
Bank Roles Indirect participant in the REPSS Clearing house
Phase 1 Phase 2
• Live operation status, CBE • CBE working on study to decrease
participated May 2017 settlement time to T+0
• MT103
• MT202
1. At start of day, CBE will check with its correspondent bank the settlement of
cover payment
2. CBE at end of day credits the commercial bank account and forwards original
MT103/MT202 received from REPSS on T+0 business day