Regulatory Alerts2020-01-01
Bank of Zambia Targeted Medium-Term Refinancing Facility Circular No. 19/2020
The Bank of Zambia issued Circular No. 19/2020 to amend the Targeted Medium-Term Refinancing Facility by expanding eligible collateral to include Salary Backed Loans classified as Pass and reducing the haircut on Secured Loans for Commercial Banks from 50 percent to 45 percent. Financial service providers must apply these updated terms and conditions to their existing refinancing arrangements. The circular directs all heads of financial institutions to implement the revised framework effective immediately upon issuance.
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