Regulatory Alerts2019-08-19
Added · Updated
DOS Circular Letter No. 26: Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
Banks with Offshore Banking Operations (OBO) must maintain Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) for liabilities arising from such operations, reckoning components including customer deposits, interbank borrowings, and other payable liabilities. Banks may maintain CRR entirely in Bangladeshi Taka (BDT) or use unencumbered foreign currency credit balances from Foreign Currency Clearing Accounts to meet daily minimum OBO CRR requirements, while Nostro Account credit balances may be used to fulfill OBO SLR requirements. The document updates the calculation of daily Excess Reserve for banks with both Domestic and Offshore operations, replaces guidelines on the use of foreign currency for CRR and SLR including interest adjustments and penalties for misreporting, and mandates the use of amended DB-4(C), DB-4(I), DB-5FCB, DB-5FCU, DB-5(C), and DB-5(I) reporting formats. These instructions take effect on 1 September 2019, with a one-time requirement to submit July 2019 Total Demand and Time Liabilities data in the new formats by 27 August 2019.
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