Regulatory Alerts2008-01-01
Bank of Zambia Circular 04/2008: Classification of Core Liquid Assets
The Bank of Zambia issued Circular 04/2008 to revise the composition of Core Liquid Assets for commercial banks while maintaining the 9 percent ratio requirement. The updated definition now includes all Treasury bills, open market operations placements, and net collateralized interbank loans, replacing the previous regulations. Banks are mandated to adopt new electronic reporting templates and submit six specific explanatory schedules detailing changes in assets and liabilities by the first submission date of April 23, 2008.
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