RegAlert

Rule · CBJ · 24 Sep 2009

Circular Regarding the Cancellation of Guarantees No. 10-2-4-12079 dated 24-9-2009

disclosure

The Central Bank of Jordan clarifies that its previous memorandum No. 37/99 regarding the cancellation of guarantees does not apply to guarantees whose terms have expired without an automatic renewal clause or similar provision. This clarification is issued in response to inquiries from licensed banks regarding the scope of the earlier directive.

JordanCentral Bank of Jordan

In the name of Allah, the Most Gracious, the Most Merciful

Number: 12079 / 2 / 10
Date: 5 / 1 / 1430 AH
Corresponding to: 24 / 9 / 2009 AD

Circular to Licensed Banks

Greetings,

Subsequent to our memorandum No. (37/99) dated 18 / 2 / 1999 regarding the cancellation of guarantees, and in light of inquiries received from banks on this matter.

We wish to inform you that the aforementioned memorandum does not cover guarantees whose terms have expired without being accompanied by an automatic renewal condition or similar.

Please accept our highest respect,

The Governor
Dr. Amieh Salah Touqan

P.O. Box 37 Amman 11118 Jordan • Phone 4630301 • Fax 4638889, 4639730, 4639731 • E-mail: info@cbj.gov.jo • Website: www.cbj.gov.jo

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Mentions (1)a document this one mentionsopen the list below the graph ▾Mentions (1): a document this one mentions without changing it — open the list below the graphCircular Regarding theCancellation of Guarantees No…2009-09-24 · this documentCircular Regarding the Cancellation of Guarantees No. 10-2-4-12079 dated 24-9-2009 (2009-09-24)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
Mentions (1): 1 document this one mentions without changing it
Refers to

Similar documents from other regulators

More like this from CBJ

CBJ published 3 documents in the last 30 days. We email you each new one the day it's published.

Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added