1. Please refer to Treasury Operations Department Circular No. 1 of 2023 dated June 20, 2023 on FCY Cross Border Payments / Transfers through SBP Nostros.
   
   
2. In this connection, Banks are currently submitting required documentation for following listed FCY transactions pertaining to this Department through Data Access Portal (DAP):
   
   
   1. ACU Dollars payment / receipt cases
   2. CRR & SCRR deposits & withdrawal cases / instruction letters (FE25)
   3. Local US Dollar Instrument Collection & Settlement Account Deposit & withdrawals cases
      
      
3. To allow enhanced tracking of their cases, Banks will now be able to submit these cases through SBP's Regulatory Approval System (RAS) as per the procedure described at annexure 'A'.
   
   
4. Banks are required to complete on-boarding on RAS by 31^st May 2024. Co-existence period of DAP and RAS for all the cases (as mentioned under above serial No. 2) will be from 3^rd June till 30^th June 2024. During co-existence period, Banks are required to submit cases on both the platforms.
   
   
5. Effective from 1^st July 2024, Banks are advised to submit these cases only through RAS; and reporting through DAP will not be entertained from this date onwards.
   
   
6. Banks are advised to ensure meticulous compliance of aforesaid instructions.
   
   
7. All other instructions on the subject shall remain the same.
   
   
8. Please acknowledge receipt at [email protected]
   
   

Enclosure: As Above