Regulatory Alerts2007-01-01
Added · Updated
Bank of Zambia Circular 04/2007 on Global Master Repurchase Agreement
The Bank of Zambia issued Circular 04/2007 to solicit comments on a draft Global Master Repurchase Agreement governing money market transactions by June 22, 2007. The document establishes a standardized legal framework for repurchase agreements involving Government Bonds and Treasury Bills, defining key terms, margin maintenance requirements, and income payment procedures. Failure to provide comments by the deadline results in deemed acceptance, requiring commercial banks to sign the agreement with all counterparties for repurchase transactions in Zambia.
Topics
monetary
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