Regulatory Alerts2024-02-15
Added · Updated
FEPD Circular No. 06: Currency Swap between Bangladesh Bank and Commercial Banks
Bangladesh Bank introduces currency swap transactions with commercial banks, requiring conventional banks to settle far-leg deals using swap points based on interest rate differentials, while shariah-based banks settle at the same exchange rate. Each transaction must be a multiple of one million foreign currency units, with a minimum value of five million and a tenor between 7 and 90 days. These deals are subject to counterparty limits set by the Forex Reserve and Treasury Management Department and may be rolled over at prevailing rates. The circular takes effect immediately.
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