National Bank of Georgia has the right to suspend or revoke the right of a participant to participate in the RTGS system for a definite or indefinite period of time in case of submission of the participant's application, decision of National Bank of Georgia or other legal act provided by the legislation.

 

1. National Bank of Georgia has the right to establish a time limit for a participant to eliminate the cause for suspension or hold. And in case of elimination of the cause for suspension or in other cases, has the right to restore the status of the participant in the system.

 

2. A participant suspended from participating in the system retains access to the system without the possibility of conducting operations until the right to participate is restored.

 

3. A participant who is suspended/on hold in the RTGS system is not released from fulfilling the obligations imposed on them.

 

4. If the right to participate in the RTGS system is canceled, the participant's settlement account is closed.