Regulatory Alerts2009-12-29
Added · Updated
FEPD Circular No. 26: Calculation of Exchange Position
Authorised Dealers in Foreign Exchange in Bangladesh must calculate their daily exchange position using new formats specified in Annexure-A and Annexure-B, replacing previous methods under FE Circular No. 07. The new calculation methodology, aligned with BASEL-II Guidelines, requires reporting net spot, forward, and acceptance positions while excluding contingent liabilities such as letters of credit and guarantees. Authorised Dealers are required to use the new submission formats on a trial basis starting January 10, 2010, with the existing formats remaining valid until January 31, 2010, and fully replaced by February 1, 2010.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.