Caps Imposed on Intraday Liquidity Provision Operations

[Logo of the Central Bank of Jordan]

Reference No.: 11294 / 3 / 12
Date: 08 Muharram 1446 AH
Corresponding to: 14 July 2024 AD

Memorandum to Licensed Banks
No. (5 / 2024)

Subject: Caps Imposed on Intraday Liquidity Provision Operations

Based on the instructions issued by the Central Bank regarding the provision of intraday liquidity to facilitate and expedite the settlement of transfer orders on the Real-Time Gross Settlement - Jordan (RTGS-JO) system through overnight repurchase agreements, and with the Central Bank's commitment to enabling banks to manage their liquidity efficiently and effectively, and in line with global best practices, it has been decided to abolish the currently applicable caps on overnight repurchase agreements (Intraday Liquidity ILF). Consequently, the actual cap for each bank shall be the volume of its accepted collateral holdings for this purpose.

This decision takes effect from its date.

Governor
Dr. Adel Al-Sharkas

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P.O. Box 37 ● Amman 11118 - Jordan ● Tel: 4630301 ● Fax: 4638889, 4638624 ● Website: www.cbj.gov.jo ● Email: info@cbj.gov.jo

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