Regulatory Alerts2025-10-07
Instruction No. 006-DPM/25 on Deposit Facilities
The Governor of Banky Foiben'i Madagasikara issued Instruction No. 006-DPM/25 to establish the operational framework for daily deposit facilities (FDDs) available to eligible money market participants. The instruction mandates that credit institutions may place liquidity up to a daily ceiling, with FDDs maturing in one day and renewable for up to two consecutive days through a daily call auction mechanism. It further specifies that the FDD rate is reviewed quarterly, announced on the monetary exchange platform (POMI), and serves as the adjudication ceiling, with all prior FDD provisions repealed upon its October 8, 2025 effective date.
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