Regulatory Alerts2007-12-01
Added · Updated
Notice No. 11/GBM/2007 - Operations with Repurchase and Resale Agreements for Fixed Income Securities
The Bank of Mozambique approves a regulation establishing the regime for repurchase and resale operations of fixed income securities in the Interbank Money Market. Authorized institutions must adhere to operational limits, including a 25% cap on resale exposure to a single seller and an eight-fold limit on aggregated large-risk purchases relative to own funds. The regulation mandates settlement via the Meticalnet system, prohibits trading without definitive ownership or outside eligible securities, and imposes a minimum six-month suspension for violations.
Topics
fx
Share