Circulars/Notifications  

 PSD Circular No 01/2010
June 30, 2010

The President/Chief Executive (Banks/ DFI’s)
RTGS Direct Members/ Participants

Dear Sir/Madam,

SETTLEMENT OF NCCPL’s FUNDS TRANSFERS THROUGH PRISM SYSTEM

 

State Bank of Pakistan is pleased to allow Direct Participants of PRISM system to settle funds transfer in respect of NCCPL in PRISM System with effect from 12th July, 2010. In this connection, all concerned Direct Participants of PRISM are advised to use MT 103 for NCCPL’s funds transfer settlement in PRISM System and devise their business procedures accordingly in the light of the instructions attached at Annexure “A”.
Participant banks are further advised to modify their existing agreement(s) to cater for this arrangement.

Annexure A
Yours faithfully,

--s/d--

(Syed Sohail Javaad)
(Additional Director)
 

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