Regulatory Alerts2022-09-19
Regulation No. 110 on Lombard Lending
The National Bank of Tajikistan issued Regulation No. 110 to establish the rules for providing short-term lombard loans to second-tier banks for liquidity management. The regulation mandates that loans be secured by state securities with a hairpin coefficient of 1.2 and sets the interest rate at the weighted average auction rate plus 500 basis points. It further details the application process, repayment obligations, and procedures for handling collateral in the event of default.
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