CBPR+ (ISO 20022)
PAYMENTS SIGNAL · REFERENCE CARDPAPSS — Pan-African Payment and Settlement System
An intra-African trade payment where the buyer pays in their own local currency and the supplier is paid in theirs, routed local bank to central bank to PAPSS to central bank to local bank, then netted and settled daily.
Actors
- Asha Traders (buyer)customer
- Bank Alfa (buyer's local bank)bank
- Central Bank A (buyer's central bank)infrastructure
- PAPSS (Pan-African Payment and Settlement System)infrastructure
- Central Bank B (supplier's central bank)infrastructure
- Nordbank (supplier's local bank)bank
Messages
No standard message — a book / internal transfer.
The sequence
| # | Step | Route | Kind |
|---|---|---|---|
| 1 | Payment instruction — Asha Traders instructs its local bank to pay the supplier | Asha Traders → Bank Alfa | message |
| 2 | Route to central bank — Bank Alfa forwards the instruction to Central Bank A | Bank Alfa → Central Bank A | message |
| 3 | Submit to PAPSS — Central Bank A sends the instruction to PAPSS | Central Bank A → PAPSS | message |
| 4 | Validate & screen — PAPSS validates the instruction | PAPSS | internal |
| 5 | Forward instruction — PAPSS forwards the instruction to Central Bank B | PAPSS → Central Bank B | message |
| 6 | Route to local bank — Central Bank B routes the instruction to Nordbank | Central Bank B → Nordbank | message |
| 7 | CR supplier — Nordbank pays the supplier in the beneficiary's local currency | Nordbank | posting |
| 8 | Daily netting — PAPSS nets the day's cross-currency balances | PAPSS | clearing |
| 9 | Daily settlement — The netted balances settle among the central banks | Central Bank A → Central Bank B | settlement |
Exception rails
| Rail | Trigger | Where the money ends up | Next action |
|---|---|---|---|
| Compliance hold before forwarding | PAPSS screening flags a potential name match against a sanctions list. The instruction is held and not forwarded until a reviewer decides. | No money has moved; the instruction was paused at the switch before being forwarded. · Nothing entered the day's netting until the instruction was cleared and forwarded. | PAPSS — Nothing to fix in the payment; the alert, evidence, and disposition are retained for audit, and repeated false positives on this name feed screening tuning. |