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050326
STATE BANK OF PAKISTAN - BANKING POLICY DEPARTMENT
BPD Circular No. 11 of 2005
March 26, 2005
The Presidents/Chief Executives,
All Banks/DFIs
Dear Sirs/Madam,
REPLACEMENT OF COT WITH MARGIN FINANCING
The restriction on the maximum exposure against Carry Over Transaction (COT),
generally known as Badla, imposed vide our BPD Circular No. 5 dated February 26,
2005 is hereby withdrawn till further orders.
2. All other instructions on the subject will remain the same.
3. Please acknowledge receipt.
Yours faithfully,
Sd/-
(MUHAMMAD KAMRAN SHEHZAD)
DIRECTOR
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