(iv) Development of the payment, clearing and settlement systems in the region An analysis was made of the existing facilities for inter-bank clearing, payment and settlement systems in each one of the original 12 members of SADC.
The sophisticated SAMOS system of South Africa, which provides for real-time on-line settlement for large transactions and full daily settlement for smaller transactions, can eventually be expanded to other countries, and can provide a system for cross-border settlement of intra-regional transactions.