Provision of Additional Information on Money Market Activities via the Thomson Reuters Dealing System

The Bank of Zambia requires all commercial banks to submit additional money market data through the Thomson Reuters Dealing System effective March 11, 2019. Banks must report their latest Kwacha position, projected end-of-day Kwacha position, and overnight interbank rate outlook at 09:30, 12:30, and 15:30 hours respectively. This mandate supplements existing Financial Markets Department reporting obligations without altering other required returns and schedules.

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BANK of ZAMBIA

OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/fmkts/bp
March 7, 2019

CB Circular No. : 03/2019
To : All Heads of Commercial Banks

PROVISION OF ADDITIONAL INFORMATION ON MONEY MARKET ACTIVITIES VIA THE THOMSON REUTERS DEALING SYSTEM

Reference is made to the captioned matter.

Further to CB Circular No. 23/2015 and the Directive issued in December 2015 regarding the requirement for commercial banks to connect to the Real Time Trade Reporting system, kindly be advised that effective March 11, 2019, all commercial banks will be required to provide, among others, the following information via the Thomson Reuters Dealing System:

The latest Kwacha position;
Projected Kwacha position by the close of the business day; and
The outlook for the overnight interbank rate.

This information will be required at 09:30 hours, 12:30 hours and 15:30 hours. Kindly note that commercial banks should continue submitting all other returns and schedules as required by the Financial Markets Department. For further information, kindly contact the Director – Financial Markets.

Bwalya K. E. Ng’andu (Dr)
DEPUTY GOVERNOR – OPERATIONS

Cc Governor

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm

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Source: Bank of Zambia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works