Regulatory Alerts2013-03-28 | 115418Regulation on the Procedure for Conducting Repo Operations by the National Bank of the Kyrgyz Republic with Securities of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish the standardized procedure for conducting direct and reverse repo operations with domestic securities through its Automated Trading System. It mandates that commercial banks meet specific licensing, account, and agreement requirements to participate, while defining precise auction mechanisms, interest rate parameters, and settlement timelines. Furthermore, the document outlines clear rights, obligations, and liability frameworks, including unilateral penalty deductions for non-performance by either party.
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