All Banks/DFIs/Investment Banks/Brokerage Houses

Dear Sirs/Madam,

CUT-OFF TIME FOR SETTLEMENT OF INTERBANK DEALS

DURING THE MONTH OF RAMAZAN

Please refer to EDMD Circular no. 02 dated February 14, 2006 regarding cut-off time for settlement of interbank deals. In this regard, the following cut-off time will remain effective for settlement of interbank deals during the month of Ramazan.

For Monday to Thursday and Saturday: 01:15 pm

For Friday: 12:15 pm

2. After Ramazan, Inter-bank settlement cut-off time will automatically be reverted to pre-Ramazan timings.
3. All are advised to strictly observe the above timings.
4. Other instruction on the subject will remain unchanged.