Regulatory Alerts2023-03-20
Added
DMD Circular Letter No. 03: Time schedule of Bangladesh Government Bill/Bond Auction, Bangladesh Bank Bill Auction, Repo, ALS & EDSMoney platform transaction during Ramadan
The Department of Market Development of Bangladesh Bank establishes specific bidding and transaction time schedules for various financial instruments, including Government Treasury Bills/Bonds, Sukuk, Bangladesh Bank Bills, Central Bank Repo, Reverse Repo, Special Repo, Assured Liquidity Support (ALS), Inter Bank Repo, and Secondary Trades, during the holy month of Ramadan. The circular specifies distinct operating hours for each instrument type, ranging from 9:30 AM to 1:30 PM or later, and sets the EDSMoney platform transaction window from 9:30 AM to 3:45 PM. These adjusted schedules apply exclusively during Ramadan and will revert to the normal schedule immediately after the month concludes.
50119
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
Department of Market Development
Date: ------------------- 06 Chaitra 1429 20 March 2023
DMD Circular Letter No.-03
Managing Director/Chief Executive All Scheduled Banks and Financial Institutions operating in Bangladesh.
Dear Sir,
Regarding the time schedule of Bangladesh Government Treasury Bill/Bond Auction, Bangladesh Bank Bill Auction, Repo, Assured Liquidity Support (ALS) and EDSMoney platform transactions during the holy month of Ramadan.
The time schedule for submitting bids in the auctions of Bangladesh Government Treasury Bill/Bond, Bangladesh Government Islamic Investment Bond, Bangladesh Bank Bill, Central Bank Repo, Inter Bank Repo, Reverse Repo, Special Repo, and Assured Liquidity Support (ALS) during the holy month of Ramadan is determined as follows:
| Auction Activity | Applicable Time Schedule during Ramadan | |
|---|---|---|
| 1. | Bangladesh Government Treasury Bill/Bond/Sukuk/Bangladesh Government Islamic Investment Bond/Bangladesh Bank Bill Auction | 9:30-11:30 |
| 2. | Central Bank Repo/Reverse Repo/ ALS | 9:30-1:30 |
| 3. | Special Repo | 9:30-3:00 |
| 4. | Inter Bank Repo/ Secondary Trade (OTC) | 9:30-2:00 |
| 5. | Secondary Trade (TWS) | 9:30-1:30 |
- In addition, all activities on the EDSMoney platform will be conducted from 9:30 AM to 3:45 PM. It is noted that the current normal time schedule will come into effect after the holy month of Ramadan has passed.
Yours faithfully,
(Signature) (Khodkar Siddiqur Rahman) Director (DMD) Phone: 02-9530130
Phone: 88-02-9550448, 9554896, IP: 88-02-56685001-6, Fax: 88-02-9530471, www.bb.org.bd