Regulatory Alerts2022-06-07
Added · Updated
Temporary Regulations on Rediscount of Promissory Notes by the Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan, approved by the State Committee for Securities, establishes the regulatory framework for the rediscount of promissory notes as a monetary policy tool. The document defines eligibility criteria for commercial banks and issuers, mandating that notes be denominated in Azerbaijani manats with maturities between one month and one year. It further details the procedural requirements for application submission, documentation, discount rate calculations, and the legal obligations governing the repurchase agreement between the Central Bank and discounting banks.
Topics
monetary
securities
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