2009-03-24 | 938214072

Banking Circular No 3 of 2009 - Interbank (“Horizontal”) Master Repurchase Agreement (MRA)

The Central Bank of Kenya introduced the Interbank Master Repurchase Agreement program to enhance the capital and money markets and improve the intermediation process. The program offers real-time Delivery versus Payment transactions to help banks manage their liquidity and support the Central Bank's monetary policy. Banks are requested to implement the operational procedures and guidelines for the program to enhance market liquidity and promote the development of the financial system.

Kenya

Central Bank of Kenya

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