Operating Rules for Cross Currency Payments using AFAQ Service

Emergencies If any malfunction, breakdown, or interruption or any emergency affects the Service or its operations, transactions will be handled in accordance with the directions of SAMA. Without limiting the discretion of SAMA, SAMA may extend the hours of operation of the Service, direct the use of contingency facilities or close down the Service in whole or in part. 8.4 Direct Participants Act as Principals Only Each Direct Participant shall be liable as principal in respect of its Payment Messages. 8.5 Assignments No Direct Participant may assign all or any of its rights or obligations under these Operating Rules. The Service Operating Rules bind the successors of each Direct Participant. 8.6 Dispute Settlement In the case of any unresolved disputes or claims arising between any persons in relation to these Operating Rules or any rules, regulations or directives issued pursuant to them, the complainant may submit the dispute or claim to SAMA. 8.7 Severability In case any provision in this Operating Rules shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 8.8 Governing Law These Operating Rules are governed by the Laws of the Kingdom of Saudi Arabia. Appendix 1 - Controlled Documents This table contains the list of documents that have been shared with the pilot banks. AFAQ Documentation Version Document SAMA-l 3095 DS 509 001 GCC RTGS SAMA Design specification Participants edition 2019-11-01 SAMA-l 3095 MF 502 001 GCC SAMA-LQ-Message Formats-2019-11-01 SAMA-l 3095 MF 502 001 GCC SAMA-MT-Message Formats-2019-11-01 SAMA-l 3095 TD 501 008 GCC RTGS REST API specification 2019-09-06 SAMA-l 3095 DS 506 018 GCC RPG Design SAMA Specifics Participants updated 2020-07-02 SAMA-l 3095 DS 506 002 GCC RPG SAMA Design Specification Participants Edition 2020-09-16 Version 001 GCC RTGS MX Message Formats for Participants 2020-09-16 Version 001 SAMA RPG Participant User Guide revision Version 001 GCC RTGS Security Requirement Version 1.0 GPC Circular No.003- Explanatory Note for AFAQ Currency Conversion 2020- 11-17 Version 1.1 Final GPC PKI Commercial CP Version 1.0 GCC RTGS Cross Currency Service - Integration Test and Market Rehearsal Plan version for Pilot Banks Version