Regulatory Alerts2015-01-01
Operating Rules and Guidelines for Open Market Operations and Overnight Lending Facility
The Bank of Zambia has issued revised operating rules and guidelines for Open Market Operations (OMO) and the Overnight Lending Facility (OLF) to all commercial banks. This update aligns transaction procedures with the newly implemented Central Securities Depository System, transitioning operations from manual to electronic processing. The revised framework takes effect immediately and mandates adherence to the updated electronic guidelines for all OMO and OLF activities.
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