LogoRegulatory Alerts
2013-01-01

Revised Timelines for the Overnight Lending Facility

The Bank of Zambia issued Circular No. 20/2013 to revise the operating hours for the Overnight Lending Facility (OLF) window. The new schedule advances the closing times for both morning and afternoon Open Market Operations sessions and shifts the OLF window to close at 15:45 Hours instead of 16:00 Hours. These revised timelines took effect immediately upon the issuance of the circular on September 6, 2013.

Bank of Zambia logo

Zambia

Bank of Zambia

Click to view thumbnail

Bank O{Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS September 6, 2013 CB Circular No: 20/2013 To All Heads of Commercial Banks REVISED TIMELINES FOR THE OVERNIGHT LENDING FACILITY (OLF) Following the revision of timelines for Open Market Operations COMO) as contained in Circular No. 16/2013 issued on July 25, 2013 regarding the Operating Rules and Guidelines for Open Market Operations, kindly be advised that the timelines for the Overnight Lending Facility Window have been revised accordingly as follows: Previous Revised

  1. OMO Window Closes - Morning Session 12:00 Hours 11:45 Hours
  2. OMO Window Closes - Afternoon Session 15:15 Hours 15:00 Hours
  3. OLF Window Opens 15:15 Hours 15:00 Hours
  4. OLF Window Closes 16:00 Hours 15:45 Hours Please note that the revised timelines for OLF take effect immediately. For any queries or clarifications regarding the matter at hand, kindly contact our Financial Markets Department. r a K. E. Ng'andu (Dr) TY GOVERNOR - OPERATIONS Bank Square, Cairo Road P.O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888 Fax:260-211-237070 E-mail:dgo@boz.zm.Web: http://www.boz.zm
Share