All Banks/Authorized Dealers

Dear Sirs/Madam,

Software Upgrade of FX Computerized Reporting System (FXCRS)

Reference is made to the FX Computerized Reporting System (FXCRS), provided by the State Bank of Pakistan to all the Banks/Authorized Dealers for reporting their daily FX positions. The existing version of FXCRS has been in use for more than five years. Minor customizations to the software have been made occasionally during this period. Now, a major software upgrade is being launched to replace the existing Microsoft FoxPro-based FXCRS version with Microsoft Access 2003-based version.

The upgraded version of FXCRS for the Banks/Authorized Dealers has been developed by the Information Systems and Technology Department of SBP using Microsoft Access 2003. While most of the functionality of the upgraded FXCRS is same, some new features have also been added to the new software.

The software installation package along with a user guide is available at the SBP website on the following link: https://www.sbp.org.pk/dmmd/software.htm. The installation package can be downloaded and installed anytime from May 21, 2008 onwards. There will be a two week trial period for the IT staff of the Banks/Authorized Dealers for getting accustomed to the upgraded version of FXCRS. After passage of this trial period, all the Banks/Authorized Dealers will be required to report their daily FX positions on the new Microsoft Access-based FXCRS starting from Monday June 02, 2008 (Latest position of Saturday, May 31, 2008). The Banks/Authorized Dealers are advised against using the previous Microsoft FoxPro-based FXCRS on or after June 02, 2008 deadline.

Any queries related to the new FXCRS may please be forwarded to:
[email protected] or Telephones: 021-2453431, 021-2453446.