Regulatory Alerts1998-11-10 | 7161Deposits and Placements Linked to Fiduciary Accounts
The Governor of the Central Bank of Lebanon issued Basic Decision No. 7161 (Circular No. 59), requiring all banks and financial institutions to declare total deposits and placements linked to credit agreements falling within the core balance sheet liabilities using a specified annex. The initial written annex is due December 31, 1998, with subsequent submissions filed on magnetic disks alongside monthly balance sheets, while institutions without such linked items must submit the annex marked "None." This decision takes effect immediately upon issuance and publication in the Official Gazette, with updated departmental nomenclature applied to the reporting framework.
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