RBZ finalises collateral registry tests

THE Reserve Bank of Zimbabwe (RBZ) will this month conduct the final pilot testing of the Collateral Registry System, which allows the securitisation of movable property.

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The system, which has been in the making since 2017, is part of the central bank’s financial inclusion agenda and was delayed by Covid-19 disruptions.
“The Collateral Registry System is expected to centralise the database of movable assets accepted by banks and microfinance institutions (MFIs) as collateral for secured

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