Regulatory Alerts2017-06-09
Added · Updated
General Conditions for Outright Open Market Operations
The Central Bank of Jordan establishes operational rules for outright open market operations, allowing the bank to buy or sell government securities to adjust domestic liquidity. Licensed banks must submit bids with a minimum nominal value of one million US dollars via specified channels by strict deadlines. The document mandates Delivery-Versus-Payment settlement, defines auction pricing mechanisms, and grants the Central Bank authority to cancel auctions or reject offers without stating reasons. These instructions supersede prior contradictory directives and are effective immediately.
Topics
monetary
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