Regulatory Alerts2016-11-01
Instruction N°02/CRCT/2010 on Accounting for Securities of the Settlement and Securities Conservation Cell
The Central African States Bank (BEAC) issued Instruction N°02/CRCT/2010 to establish the accounting principles and chart of accounts for the Settlement and Securities Conservation Cell (CRCT). The instruction mandates a double-entry, security-by-security accounting system that ensures the integrity of central depository records through strict reconciliation between issuance accounts and affiliate holdings. It defines specific coding structures for securities, issuers, affiliates, and holders, while outlining operational procedures for issuance, redemption, and regularization of public debt instruments.
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