DMD Circular Letter No. 02: Implementation of Guidelines on Electronic Dealing System for Interbank Money Market (EDSMoney)

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Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.

Department of Management and Development

15 Falgun, 1428 Bangabda
Date: -------------------
28 February, 2022

DMD Circular Letter No.-02

Managing Director/Chief Executive
All Scheduled Banks and Financial Institutions operating in Bangladesh

Dear Sir,

Implementation of Guidelines on Electronic Dealing System for Interbank Money Market (EDSMoney Guidelines).

Reference is drawn to your attention to DMD Circular Letter No.-02, dated: 16 November 2021, on the subject cited above.

2. Through the aforementioned circular, "Guidelines on Electronic Dealing System for Interbank Money Market (EDSMoney)" containing standard instructions for participants in the money market regarding the real-time web-based platform "Electronic Dealing System for Interbank Money Market (EDSMoney)" for interbank money market transactions in the liquidity management of banks and financial institutions was issued, and instructions were given to commence the full live operation of EDSMoney from 1 December 2021. It was mentioned in paragraph 2 of the aforementioned circular that the current procedure of sending call money transaction details via email would remain in effect for 03 (three) months from the date of commencement of EDSMoney, i.e., until 28 February 2022.

3. Now, considering the overall activities of the EDSMoney platform and the existing context, you are advised to continue sending call money transaction details via the aforementioned procedure alongside EDSMoney until 31 March 2022. In addition, all other instructions of DMD Circular Letter No.-02, dated: 16 November 2021, will remain unchanged.

Yours faithfully,

(Khandaker Siddiqur Rahman)
General Manager
Phone: 9530131

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530499, www.bb.org.bd