Master Circular on Call/Notice Money Market Operations
This circular outlines the guidelines for participants in the call/notice money market.
Participants: The circular lists the institutions permitted to participate in the call/notice money market as both lenders and borrowers, including banks, primary dealers, and other financial institutions.
Prudential Limits: The circular sets out prudential limits for transactions in the call/notice money market, including borrowing and lending limits for each participant.
Interest Rate: The circular does not specify a specific interest rate, but rather provides a framework for determining interest rates.
Dealing Session: The circular outlines the dealing session timings for call/notice money market transactions.
Documentation: The circular specifies the documentation requirements for call/notice money market transactions.
Reporting Requirement: The circular outlines the reporting requirements for daily transactions in the call/notice money market, including the format for submitting returns.
Annexes: The circular includes three annexes: Annex I lists the institutions permitted to participate in the call/notice money market, Annex II provides a format for daily returns, and Annex III defines key terms used in the circular.
Appendix: The circular includes an appendix listing the circulars consolidated in this master circular.
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Download: Master Circular on Call/Notice Money Market Operations