Regulatory Alerts2015-09-09
Added · Updated
Bangladesh Real Time Gross Settlement (BD-RTGS) System Rules
The document establishes the operational rules for the Bangladesh Real Time Gross Settlement (BD-RTGS) System, defining the duties and obligations of all Participants including Bangladesh Bank in its roles as System Operator and Participant. It mandates direct membership for all schedule banks in Bangladesh and outlines four member categories: Direct, Sub, Special, and Monitoring Members. The rules specify that valid RTGS payments are final and irrevocable upon settlement, require messages to conform to MX (ISO 20022) formatting, and detail processing procedures for acceptable currencies, value limits, and transaction priorities.
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