Regulatory Alerts1998-02-14 | 6895Deposits, Cheques, Transfers and Payment Orders to the Public Sector
Issued by the Governor of Banque du Liban, this decision requires all banks to refrain from accepting public sector deposits, cheques, transfers, and payment orders without explicit legal exceptions, while mandating monthly reporting of public sector deposits and loans via Form PSDL-01 within the SEBIL system. It defines the public sector to encompass ministries, municipalities, independent funds, and commercial/public institutions attributed to the Ministry of Finance, and stipulates that non-compliant banks face administrative sanctions under Article 208 of the Monetary and Loans Law. Effective upon issuance, the decision repeals seven prior circulars dating from 1986 to 1994 and requires precise matching of automated sorting account balances in Form 2010.