STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT

EDMD Circular No. 13
November 18, 2004 

To All Scheduled Banks & Primary Dealers

Dear Sirs/Madam,

Money Market Computerized Reporting System

As you are aware, Money Market Computerized Reporting System has been in parallel run since January 29, 2004. On the successful completion of parallel run, it has been decided to make this system fully operational w.e.f November 20, 2004.

Consequently, it is advised that submission of the following statements to Exchange & Debt Management Department and SBP BSC (Bank), Karachi is no longer required and shall be discontinued from the above referred date;

Daily Statement showing the details of transactions in inter-bank Repo/Call Money Market Weekly Report on Secondary Market Trading of Treasury Bills/ Pakistan Investment Bonds/Federal Investment Bonds.

Statement of Sale of Pakistan Investment Bond to Investors during ‘when issued period’ (Form PIB-1).

Other instructions on the subject will, however, remain unchanged.

Please acknowledge receipt.