Deposits and Placements Linked to Fiduciary Accounts

327

Basic Circular for Banks No. 59
Also addressed to financial institutions

We enclose herewith a copy of Basic Decision No. 7161 dated 1998/11/10 concerning deposits and placements linked to credit agreements.

Beirut, November 10, 1998
Governor of the Central Bank of Lebanon
Riad Tawfiq Salamah
Old No. 1684

328

Basic Decision No. 7161
Deposits and Placements Linked to Credit Agreements

The Governor of the Central Bank of Lebanon, pursuant to the Monetary and Credit Law, particularly Articles 146 and 147 thereof, based on the decision of the Central Council taken in its session held on 1998/11/10, decides as follows:

Article 1: All banks and financial institutions are requested, each insofar as it concerns them, to declare to the Banking Supervision Committee and the Economics Department of the Central Bank of Lebanon¹ the total deposits and placements linked to credit agreements falling within the core balance sheet - liabilities - according to the attached form annex.
Institutions concerned that do not have deposits and placements linked to credit agreements shall send the aforementioned annex marked "None".

Article 2: The aforementioned annex in Article 1 shall be submitted with the monthly balance sheet, provided that the first annex is prepared in writing, dated December 31, 1998, and subsequent annexes are placed on a magnetic disk (Diskette).

Article 3: This decision shall take effect upon its issuance.

Article 4: This decision shall be published in the Official Gazette.
Beirut, November 10, 1998
Governor of the Central Bank of Lebanon
Riad Tawfiq Salamah

¹ - The name of this department was amended to become the "Economics Department" instead of the "Department of Statistics and Economic Research" pursuant to Decision No. 13779 dated 2025/11/28.

329
Central Bank of Lebanon
2. Economics Department
Deposits and Placements Linked to Credit Agreements * Status as of _________ Institution Name: ___________ Central Bank No.: ___________

(In thousands of Lebanese Lira)

Special Code for Automatic Sorting	Accounts in Lebanese Lira (Residents / Non-Residents)	Foreign Currency Equivalents in Lebanese Lira (Residents / Non-Residents)	Total
Deposits
Certificates of Deposit
Bonds/Debt Securities
Other Placements
Accrued but Unreceived Interest
Total

• Deposits and placements linked to credit agreements form part of the deposits and liabilities falling within the core balance sheet 2010 - Liabilities (Accounts 20800 - 21700 - 23200, etc.) and have no relation to the liabilities of credit accounts under Chapter 35200 off-balance sheet.

Note: This statement is submitted with the monthly status No. 2010.

² - The name of this department was amended to become the "Economics Department" instead of the "Department of Statistics and Economic Research" pursuant to Decision No. 13779 dated 2025/11/28.