BPRD
Circular No. 1 |
January 9, 1999 |
All
Banks
Dear
Sirs,
LIMIT
ON BANKS EXPOSURE TO A SINGLE PERSON
|
Please
refer to Prudential Regulation-I for banks.
It has been decided to substitute Para 4(j) of above Prudential
Regulation
With the following:
"4(j)
In arriving at per party exposure, 90% of;
- deposits
of the party with the bank under lien;
- face
value of FIBs lodged by the party as collateral;
and
- Pak.
Rupee equivalent of face value of Special US
Dollar Bonds converted at official rate, lodged by
the
party as collated."
Shall
be deducted."
Please
acknowledge receipt.
|
Yours
faithfully,
(Mansur-ur-Rehman Khan)
Director |
|
|
|