Regulatory Alerts2022-01-01
Bank of Zambia CB Circular No. 09/2022 Amendments to Daily Foreign Exchange, Interbank Money Market and Weekly Returns
The Bank of Zambia has amended reporting requirements for commercial banks by introducing new fields for client Taxpayer Identification Numbers and forward amounts sold across daily foreign exchange, interbank money market, and weekly assets and liabilities returns. These modifications are designed to enhance the quality of statistical data submitted to the central bank and will be implemented starting July 1, 2022. Revised soft-copy templates will be distributed by the Financial Markets department, with banks instructed to contact the Director of Financial Markets for any clarification.
[Logo: Bank of Zambia]
Bank of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/fmks/bp
June 21, 2022
CB Circular No. : 09/2022
To : All Heads of Commercial Banks
AMENDMENTS TO THE DAILY FOREIGN EXCHANGE TRANSACTIONS, DAILY INTERBANK MONEY MARKET ACTIVITIES AND WEEKLY SELECTED ASSETS AND LIABILITIES RETURNS
We wish to advise that the Bank of Zambia has made the following amendments to the daily foreign exchange transactions, daily interbank money market activities and weekly selected assets and liabilities returns:
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Added a field for commercial banks to input the Taxpayer Identification Number (TPIN) of their client/counterparty in the daily foreign exchange transactions return (Schedules 1A, 1B, 1C, 1E and 1F), daily interbank money market activities return and commercial banks’ weekly return of selected assets and liabilities (Schedules 27A1, 27A2, 27A3, 27A4, 27A5 and 27B1); and
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Added a field for commercial banks to input the ‘forward amount sold’ in Schedule 1C of the daily foreign exchange transactions return.
These amendments are aimed at enhancing the quality of statistics submitted to the Bank of Zambia. Soft copies of the revised returns will be emailed to each bank by Financial Markets department on Wednesday, June 22, 2022.
Submission of information using the amended returns takes effect on July 1, 2022.
Should you require further clarification, please do not hesitate to contact the office of the Director – Financial Markets.
[Signature] Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS
cc Director – Financial Markets Director – Bank Supervision
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm