PAYMENT SYSTEM – TACH and TISS OPERATIONS

Class Description

OBJECTIVE

The objective of the course is to equip participants with the essential skills and knowledge required to understand and manage payment systems effectively. In addition, participants will be equipped with strategic and operational competencies to navigate industry standards, monitor payment systems, and manage the risks associated with clearing and settlement processes.

TARGET GROUP
This course is designed specifically for officers and personnel of the banks and financial institutions who are involved in TISS and TACH functionality.

COURSE CONTENTS
i. Overview of payment systems (TISS & TACH)
ii. Challenges of TISS and TACH
iii. Regulatory Framework and Guidelines for TISS and TACH
iv. Best practices related to TISS and TACH
v. TISS & TACH Maintenance (User Management, Timetable, Calendar & Dashboard)
vi. EFT Operations
vii. TACH clearing sessions
viii. Cheque operations and standards
ix. TISS Message Flow (SWIFT & VPN)
x. Reports and Settlement
xi. Hands-on activities

FEES

The fee for each participant is TZS 1.0 million or USD 1000 for non-residents, covering tuition, course materials, lunch, and mid-session refreshments. Participants will be responsible for their travel costs and upkeep. Please make the payment of your fees using the following channel:

Local Participants from Commercial Banks

Bank Transfer through TISS Transferee Bank: Bank of Tanzania

Account Number: 9944713006

Account Name: Course Fees

SWIFT CODE: TANZTZTXXXX

Local Participants from Government Agencies

Transferee Bank: Bank of Tanzania

Account Number: 9924191003

Account Name: Bank draft Issued

SWIFT CODE: TANZTZTXXXX

Foreign Participant Account Details

Bank Name: Citibank

Bank Swift Code: CITIUS33

Account Holder: Bank of Tanzania

Account Number: 36113007

MODE OF APPLICATION

Send a letter, e-mail, or phone the Academy through any of the mentioned contacts below. The course will accommodate 25 participants, and the first come, first served principle will apply. Applications should reach us at least two (2) working days before the commencement of the course.

All applications should be addressed to:

The Principal,

Bank of Tanzania Academy,

P.O. Box 131, Capri-Point,

MWANZA

+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 503 380

Email: academy@bot.go.tz