Regulatory Alerts2002-01-01
Bank of Zambia Circular 14/2002: Deadline for Rediscount and Transfer Application Forms
The Bank of Zambia mandates strict submission deadlines for commercial banks, requiring rediscount application forms by 15:00 and transfer forms by 14:30. The central bank will reject any applications that miss these deadlines and explicitly prohibits banks from rediscounting or transferring treasury bills with only two working days remaining until maturity. These measures aim to prevent processing delays, ensure timely collection by transferees, and allow sufficient time to generate accurate holders’ record reports for payment.
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