The Presidents/Chief Executives,
All Banks/DFIs

Dear Sirs/Madam,

REPLACEMENT OF COT WITH MARGIN FINANCING

The restriction on the maximum exposure against Carry Over Transaction (COT), generally known as Badla, imposed vide our BPD Circular No. 5 dated February 26, 2005 is hereby withdrawn till further orders.

2. All other instructions on the subject will remain the same.

3. Please acknowledge receipt.