Regulatory Alerts2010-07-15
Added · Updated
Uniform Accounting Procedure for REPO Transactions
Bangladesh Bank mandates a uniform accounting procedure for repo transactions involving government securities, effective 1 September 2010. Banks must execute separate Master Agreements with counterparties and conduct inter-bank repos under these agreements from 1 January 2011. The guidelines prohibit securities with three days or less to coupon payment or maturity from being used in repo transactions and specify that securities under repo are excluded from the seller's SLR eligibility. The document details specific accounting treatments for cash considerations, interest accruals, revaluation, and profit and loss adjustments for both coupon-bearing and non-coupon bearing securities.
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