All Banks/ DFIs/Investment Banks/Brokerage Houses

Dear Sir/Madam,

Cut-off Time for Settlement of Interbank Deals during Ramadhan.

1. Please refer to EDMD Circular no.02 dated 14th February, 2006 regarding settlement timings for Interbank deals. In this regard, the following timings for settlement of Interbank deals will remain effective during Ramadhan.

   From Monday to Thursday and Saturday 01.00 pm
   Friday 12.15 pm.

2. Other instructions on the subject will remain unchanged.
3. After Ramadhan, interbank settlement cut-offs will revert to their previous timings.
4. All are advised to strictly observe the above timings meticulously. No interbank deals will be entertained after these timings.