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BANK OF GHANA

NOTICE TO THE GENERAL PUBLIC AND ELIGIBLE

FINANCIAL CONTRACTS

NOTICE NO. BG/FMD/2021/03

NETTING ARRANGEMENTS UNDER THE BANK AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930)

Pursuant to Section 134 (5) of the Bank and Specialised Deposit- Taking Institutions Act, 2016 (Act 930), Bank of Ghana hereby prescribes that with effect from the date of issue of this Notice, all "global standard documentation" for all transactions in derivatives, securities repurchase and lending transactions, as well as commodities transacted in Ghana, qualify as eligible financial contracts to which netting arrangements described under Section 134 (5) of the Bank and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) shall apply.

The General Public is advised to take note.

(SGD.)

SANDRA THOMPSON (MS)

15TH JANUARY 2021

THE SECRETARY

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Bank of Ghana published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 12:39:04 UTC