Regulatory Alerts2017-01-01
Circular No. 84: New Template for Calculating Interest and Yield Rates on Payable and Receivable Items
The Palestine Monetary Authority issued Circular No. 84 to mandate the adoption of a new standardized Excel template for calculating interest and yield rates on payable and receivable items. Banks are required to submit the completed report alongside their Monthly Report data no later than the fifth working day of each month, starting with the March 2017 data due within two weeks of the circular's issuance. This new submission requirement officially replaces the previous interest/yield rate and deposits/facilities pages within the Monthly Report.
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