Regulatory Alerts2013-03-28 | 115419Regulation on the Procedure for Foreign Currency Swap Operations Conducted by the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish the comprehensive procedure for conducting direct and reverse foreign currency swap operations with commercial banks through its automated trading system. It defines eligibility criteria, application submission and modification rules, auction and non-auction execution mechanisms, interest rate pricing, and settlement timelines. Furthermore, the document outlines the rights, obligations, and liability framework for both participants and the National Bank, including specific conditions for early completion, extensions, and penalty calculations for non-performance.
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