Instruction No. 002-DOM 25 Amending Certain Provisions of Instruction No. 004-DOM 19 (POMI)

BANKY FOIBEN'I MADAGASIKARA

DIRECTION
OF MONETARY OPERATIONS

INSTRUCTION No. 002 - DOM/25 amending certain provisions of Instruction No. 004-DOM/19 of May 3, 2019 establishing the Exchange Platform for Monetary and Interbank Operations

The Governor of Banky Foiben'i Madagasikara,

Having regard to Law No. 2016-004 of July 29, 2016, supplemented by Law No. 2016-057 of February 2, 2017, establishing the Statutes of the Central Bank of Madagascar,

Having regard to Decree No. 2023-011 of January 10, 2023, repealing the provisions of Decree No. 2019-2069 of November 6, 2019, appointing the Governor of Banky Foiben'i Madagasikara,

Having regard to Instruction No. 004-DOM/19 of May 3, 2019, establishing the Exchange Platform for Monetary and Interbank Operations (POMI),

Having regard to Instruction No. 006-DOM/19 of October 25, 2019, on money market instruments,

Having regard to Instruction No. 002-DOM/24 of February 2, 2024, amending certain provisions of Instruction No. 004-DOM/19 of May 3, 2019, establishing the Exchange Platform for Monetary and Interbank Operations (POMI),

DECIDES

Article 1:

This Instruction aims to amend the provisions of Articles 2, 4, 10, and 14 of Instruction No. 004-DOM/19 of May 3, 2019, establishing the Exchange Platform for Monetary and Interbank Operations (POMI).

Article 2:

The provisions of Articles 2, 4, 10, and 14 of Instruction No. 004-DOM/19 of May 3, 2019, establishing the Exchange Platform for Monetary and Interbank Operations (POMI), are amended as follows:

Article 2 (new): OPERATIONS COVERED

The operations processed at the POMI level are:

• monetary policy tenders, on the one hand, and requests for permanent facilities from BFM, on the other hand;
• interbank exchanges;
• inter-institution exchanges of microfinance institutions (IMF)

Article 4 (new): ACCREDITED CREDIT INSTITUTIONS

Those who meet the conditions listed below have the status of accredited credit institutions:

• be eligible under the instruction on the implementation of monetary policy instruments, in force for banks;
• be eligible under Instruction No. 001/2024-CSBF of December 17, 2024, on the refinancing conditions for microfinance institutions, for IMFs;
• hold an RTGS account in the books of BFM;
• have signed the convention on the use of the POMI system and have transmitted the information listed in Annex IV of Instruction No. 004-DOM/19 of May 3, 2019, establishing the Exchange Platform for Monetary and Interbank Operations (POMI).

Article 10 (new): INTERBANK AND INTER-IMF EXCHANGES

The accredited credit institutions, borrower and lender, respectively validate all characteristics of the operation, including the titles pledged as collateral for collateralized loans. Subsequently, the two credit institutions transmit this information to BFM by electronic message for confirmation. Upon receipt of the confirmation messages from the two credit institutions, BFM initiates the RTGS flows corresponding to the interbank exchanges consented to and validated in the POMI system. It is the responsibility of the lending and borrowing credit institutions to verify the settlement of their operations and to ensure their respective situations at the RTGS system level¹.

Article 3:

The other provisions of Instruction No. 004-DOM/19 of May 3, 2019, and Instruction No. 002-DOM/24 of February 2, 2024, remain unchanged.

Article 4:

This Instruction enters into force as of MAY 12, 2025

Antananarivo, MAY 12, 2025

THE GOVERNOR
Aivo H. ANDRIANARIVELO

¹ Real time gross settlement

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ANNEX - I

APPLICATION FORMS
FOR CERTIFICATE OF ACCESS TO POMI¹

Form 1: Commitment of the Certification Manager

(A certification manager is a natural person authorized to:

• Request electronic certificates;
• Sign the corresponding contracts, on behalf and for the account of the credit institution;
• Perform all acts necessary for the issuance, management, and revocation of all electronic certificates that have been issued at his/her request and under his/her responsibility).

Credit Institution References
Corporate Name or Name of the Credit Institution
Bank Code
Head Office Address

Certification Manager Contact Details
Position in the Organization
Title	First Name	LAST NAME
Email
Postal Address
Tel. / Fax

¹ To be transmitted to the Markets and Securities Service (Monetary Operations Directorate) Mail: opemon@bfm.mg

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Required Documents

Attach to this form a photocopy of an official identity document with a passport-style photograph (such as a national identity card, passport) of the future Certification Manager.

Acceptance of the role of Certification Manager

I, the undersigned ______, in my capacity as Certification Manager of the credit institution named above, declare that all information contained in this form is true and correct.

I have read the "Certificate Installation Guide for Access to POMI from Banky Foiben'i Madagasikara" attached to the implementation and use of certificates issued by BFM and I accept my responsibility as Certification Manager, particularly regarding the management of the certificate lifecycle.

Signature of the Certification Manager
(signature preceded by the mention "Good for acceptance of powers")

Done at ______
On //___

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Form 2: Certificate Request

To be completed by the Certification Manager
Application Information
Application Name	Exchange Platform for Monetary and Interbank Operations (POMI)
Credit Institution References
Name of the Credit Institution
Public IP Address
User Information
Title	First Name	LAST NAME
Email

Specification of Authorizations by User
Transaction Code	Label	Max Validation Level	Desired Level (To be specified or checked if max level 0)
MONETARY OPERATIONS OF EXTRACTION AND INJECTION
DCR040F1	Consultation of Tenders	0
DCR040F2	Management of Extraction Offers	1
DCR040F3	Management of Injection Offers	1
DCR040F4	Consultation of Extraction Adjudication Results	1
DCR040F5	Consultation of Injection Adjudication Results	1
DCR040F6	Consultation of Injection Guarantees	1
MARGINAL LENDING FACILITY
DCR050F3	Management of MLF Requests and Guarantees	1
INTER-IMF EXCHANGES
DCR100F1	Setup Inter-IMF Exchanges with Guarantees	2

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DCR100F2	Setup Inter-IMF Exchanges Unsecured	2
DCR101P1	Repayment of Inter-IMF Exchanges with Guarantees	2
DCR101P2	Repayment of Inter-IMF Exchanges Unsecured	2
VALIDATION OF ALL OPERATIONS
DOPBCMIP	Validation Operations	0
SIMPLE CONSULTATION
	Dashboard	0
	Transaction Log	0
	Extraction Results Statistics	0
	Injection Results Statistics	0

Certification Manager Information
Title	First Name	LAST NAME
Email
Tel.
Postal Code	City	Country

I request, in my capacity as Certification Manager, an access certificate to POMI issued by Banky Foiben'i Madagasikara, for the user(s) designated below and authorize them to use this certificate on behalf of the credit institution cited in the references.

I make available to the user(s) the document "Certificate Installation Guide for Access to POMI", relating to the implementation and use of certificates, which they must accept without reservation. It should be noted that they are responsible for keeping the activation secret of their certificate confidential, and that they are the only ones entitled to use it.

I further certify that I have verified the identity of the user(s).

Signature of the Certification Manager
(signature preceded by the mention "Good for acceptance of powers")

Done at ______
On //___

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ANNEX - II

APPLICATION FORMS
FOR REVOCATION OF CERTIFICATE OF ACCESS TO POMI

Reserved for the Credit Institution
Name of the credit institution ......
Name of the user ......
Effective date of revocation ......

CERTIFICATE REVOCATION REQUEST

I, the undersigned Mr. Mrs. ......
Credit Institution: ......

Department / Service ......
Position ......
Professional Postal Address:
Street ......
Locality ...... Postal Code | | | | | |
Country......
Email Address ......
Telephone: | | | | | | | | | |
Fax: | | | | | | | | | |

• In my capacity as Certificate User*
• In my capacity as legal representative of the credit institution*
• In my capacity as certification manager*
  (cross out the unnecessary mention)

request the revocation of:

• the certificate n° (serial number)
  ......
• Public IP Address
  ......
• in the name of
  ......
• for the credit institution
  ......
• for the following reason
  ......

I acknowledge that although this certificate revocation request is taken into account immediately, the revocation of said Certificate will be published no later than 24 hours after. I acknowledge that this attestation may be produced in court if necessary. Date and signature *attach a copy of an identity document (ID card, passport)