Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular No. 03 of 2008
April 09, 2008 

Chief Executives
All Banks/DFIs

Dear Sirs/Madam,

REGULATIONS FOR CONTINUOUS FUNDING SYSTEM
(CFS MK II) FINANCING

To ensure prudent lending in CFS MK II by Banks/DFIs, State Bank of Pakistan is issuing the enclosed regulations for CFS MK II financing. These regulations will provide appropriate regulatory framework to Banks/DFIs. The areas not covered under these regulations will be governed by Prudential Regulations for Corporate/Commercial Banking.

The Banks/DFIs who already have exposure over and above the limit/ breach this limit are advised to adjust the same within a period of three months from the date of issuance of these Regulations under intimation to SBP.


Please acknowledge receipt.


Encl: Regulations for CFS MK II Financing

Yours truly,

Sd/-

(MOHSIN RASHEED)
Joint Director

       
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