Regulatory Alerts2013-03-28 | 115440Regulation on the Procedure for Deposit Operations Conducted by the National Bank of the Kyrgyz Republic in the National Currency
The National Bank of the Kyrgyz Republic issues this Regulation to establish the standardized procedure, conditions, and terms for conducting national currency deposit operations with commercial banks through its Automated Trading System. It defines participant eligibility, application submission windows, and three operational types (overnight, fixed-rate, and maximum-rate auctions), while mandating bilateral agreements to temporarily absorb excess banking system liquidity. The framework further specifies real-time processing, irrevocable application rules, and a uniform 0.5% penalty mechanism for settlement failures by either party.
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