Regulatory Alerts2019-12-05
Added · Updated
PSD Circular No. 07: Bangladesh Automated Cheque Processing System (BACPS) Operating Rules and Procedures
All scheduled banks participating in the Bangladesh Automated Clearing House (BACH) must follow the attached BACPS Operating Rules and Procedures V 2.0 for clearing and settlement operations with immediate effect. This directive updates the previous rules issued in January 2010 to facilitate operations under the upgraded BACPS system. The document establishes the specific operating rules and procedures governing the image exchange and settlement of paper-based payment instruments within the jurisdiction of Bangladesh.
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