Regulatory Alerts2020-09-30 | CBE9.1Added · Updated
CBE Regulation Book 9.1 - Work Rules In The Return Price Framework System
The Central Bank of Egypt established the System Corridor Price Framework for interbank transactions, replacing the previous Monetary Committee framework. The system defines a borrowing rate (maximum limit) and a lending rate (minimum limit) for the upper phase, which the Monetary Committee may adjust at any time. Banks must notify the Central Bank of transactions via Reuters by 12:00 PM EGP, and collateral must meet specific liquidity and capital calculations. The minimum transaction amount is one million pounds, and interest is calculated based on a 360-day year. The rules became effective on June 5, 2005.
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