Regulation on the Inter-bank Credit Auction II

Topics:
Commercial Lending,
Financial Regulations
Tags:
Auction,
Government,
Human Resources,
National Bank Of Georgia,
Regulation,
Regulations,
Workforce Management
Source:
National Bank Of Georgia

FREE Registration is required

Overview: This Regulation has been developed on the basis of article 73 of the Organic Law of the National Bank of Georgia, and in order to complies with the requirements of articles 2 and 33 of the same Law. It also defines procedures for the establishment, administration and operation of the Inter-bank Credit Auction of the National Bank of Georgia ("the Auction"), as well as for the electronic trade of funds. In order to safeguard a seller-bank from possible risk, a buyer-bank shall be obligated, at his/her discretion, to pledge at the NBG, the compulsory reserve amount sitting on the statutory reserve account, or owned treasury bills. In addition, the above shall not necessarily be notarized, as their safekeeping is controlled by the NBG. Funds purchased at the Auction shall be secured by 90% of the actual balance of the compulsory reserve account held by a buyer-bank, as well as owned treasury bills, whereas the marginal amount of the funds to be purchased can be calculated.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Feb 2002 | Pages: 1

Top results from Commercial Lending

White Paper Does Bank Lending Affect Output? Evidence from the U.S. States
White Paper What Did the Credit Market Expect of Argentina Default? Evidence from Default Swap Data
White Paper New Evidence on the Interest Rate Effects of Budget Deficits and Debt
White Paper Consumption, Debt and Portfolio Choice: Testing the Effect of Bankruptcy Law
White Paper Small Business Loan Turndowns, Personal Wealth and Discrimination

» View all Commercial Lending listings

Top results from Financial Regulations

White Paper Achieving Efficient Governance Risk and Compliance through Process and Automation
Webcast Webcast: Calculated Risk: Inside the Billion-Dollar 'Gut' of Goldman Sachs
Case Study TAC Prepared for Aggressive Growth with Microsoft Office PerformancePoint Server 2007
Webcast Manage security and compliance in an adverse economy in 2009 and beyond
Webcast Trust but verify...managing and auditing privileged users

» View all Financial Regulations listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).