Payment Streams

The following payments streams (Payment Clearing Houses) currently exist under PAN
1. Card Stream
2. Cheque Stream
3. Electronic Funds Transfer Stream
4. Immediate Settlement Stream
5. PAN Stakeholder Forum
6. Financial Institutions Fraud and Security Committee

The PCH PGs are constituted by PAN in conjunction with its members in terms of and in accordance with the terms and conditions of the Payment Clearing House (PCH) agreement for the clearing of Payment Instructions dedicated to the PCH PG by PAN. The PCH PG is referred to as “PCH Participant Group” within the PCH agreements and consists of the participants in the relevant Payment Clearing Houses.

The representatives on the PCH PG act as a consultative forum for the purpose of discussing and approving clearing rules and procedures for each PCH dedicated to it. The PCH PG shall also act as a consultative forum in liaising and consulting with PAN, the PCH system operator/s, and such other party or parties within the clearing environment as may be appropriate or desirable in regard to matters, including operational business matters, relating to their members’ participation in the relevant PCHs.

The representatives on the PCH PG will ensure and be responsible and accountable for clearing management and the management of the practical implementation of the principles, policies, strategies, rules and procedures contemplated in the relevant PCH Agreements as well as the specific management functions contained in the Schedules of their respective PCH Agreements. Furthermore the representatives on the PCH PG must ensure:-

• Facilitation and management of the clearing of payment instructions between its members;
• That payment instrument and payment processing standards are introduced and maintained in order to protect the integrity of the payment system and its operation. The standards must be documented and enacted via the clearing rules of the relevant PCHs;
• The implementation of appropriate risk reduction measures in the process of clearing payment instructions;
• The facilitation of an effective and speedy problem resolution process during daily operations and in crisis situations, e.g. the failure of a bank;
• That the PCH System Operator(s) conform(s) to requirements as listed in the PAN Regulatory Framework and applicable PCH System Operator Agreements;
• That the clearing rules make adequate provision for handling of errors and returns (if applicable) in a formal and structured way;
• That the service levels with the PCH System Operator are established and maintained; and
• That PCH entry and participation criteria are in place, maintained and implemented.


Contact Us

Rieks House
Unit 7, C/O Feld Street and Rieks
Van Der Walt Street
Tel: +264 61 415 420
Fax: +264 61 415 430