Circulars/Notifications - Banking Supervision Department  
 BSD Circular Letter No. 4
September 04, 2004 

The Presidents / Chief Executives
All Banks/DFIs,

Dear Sirs / Madam

PRUDENTIAL REGULATION O-5
PERCENTAGE OF FE-25 DEPOSITS TO PKR DEPOSITS

In terms of Para 6 of the Prudential Regulation O-5 for Corporate and Commercial Banking, banks/DFIs are required to ensure that their foreign currency deposits mobilized under FE-25 scheme, after netting-off the deposits utilized to finance trade related activities such as financing against Import and Export documents, should not at any point exceed twenty percent of the local
currency deposits of the banks at the close of business on the last working day of the preceding quarter.
Some banks have approached State Bank of Pakistan seeking clarification about computation of captioned Percentage. In this regard it is clarified that following codes of Weekly Statement of Position (WSP) and Quarterly Statement
of Position (QSP) are being used to calculate this percentage:

 

(Rs in Millions)
Title
Code No.
(as per
WSP/QSP)
Computation
of Percentage
Local Currency Deposits
(as of the end of calendar quarter):
 
 
1) Deposits (General) – Demand
01-01
XXX
2) Deposits (General) – Time
02-01
XXX
3) Total Customer Deposits (1+2)
 
 
Less:
 
 
4) FCy Deposits included in Code 01-01
88-00
XXX
5) FCy Deposits included in Code 02-01
89-00
XXX
6) Total LCy Customer Deposits [3-(4+5)]
 
XXX
Foreign Currency Deposits
(at the end of every week):
 
 
7) FE-25 Deposits (in equivalent PKR)
80-03(i)
XXX
8) FE-25 Deposits – Utilized for Trade Finance
80-05
XXX
9) Net FE-25 Deposits (7-8)
 
XXX
Percentage
(FCy Deposits to LCy Deposits):
(9 ÷ 6) ×100 – Maximum admissible limit 20%.
 
XX.X%

 

Please acknowledge receipt.

 

Yours faithfully,
(JAMEEL AHMAD)
Director
       
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