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South African Reserve Bank

National Payment System 

National Payment System Department is responsible for the overall management and oversight function of the National Payment System (NPS). It supports the mission of the Bank by ensuring the overall effectiveness and integrity of the payment system. Settlement risk is significantly reduced via the large-value interbank settlement system, the South African Multiple Option Settlement (SAMOS) system. The SAMOS system provides for immediate and delayed settlement options, and is overseen by the Department. 

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