For example, a customer gives the commercial bank instructions, the message is sent to the central bank of the originating country. The message is then sent through SWIFT to the central bank of the country where the payment is destined, at which point it is transformed and settled in the respective commercial bank account through a cross border module.
Finally, let me take this opportunity to thank the Central Bank Governors, the EAC Secretariat and other colleagues in the Banks, Commercial Banks and Bankers Associations in the respective Partner States for working tirelessly in the last few years to make the successful implementation of EAPS possible.