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Change in the Maturity of Placements in the Reserve Deposit Account Facility

In connection with Resolution  No. 475 of the Monetary Board, please be advised of the following amendments on the provisions of CL 539 of August 2006 and CL 551 of November 2006.   The amendments are as follows:

All new deposits in the reserve deposit account (RDA) facility shall be given a maturity date of 4 April 2012.

Any regulation of the BSP inconsistent herewith is deemed superseded or amended accordingly.

For your perusal and guidance, kindly download the circular by clicking the highlighted link: c752

Thank you.