The SBP has taken this step to facilitate authorised dealers to better manage their cash flows. The extended timings would be applicable only to normal interbank foreign exchange swaps involving two simultaneous transactions with the same authorised dealer and exclude any structured foreign exchange swaps ie two outright transactions with different authorised dealers. The extension would be effective from January 2, 2006.
The SBP has taken this step to facilitate authorised dealers to better manage their cash flows. The extended timings would be applicable only to normal interbank foreign exchange swaps involving two simultaneous transactions with the same authorised dealer and exclude any structured foreign exchange swaps ie two outright transactions with different authorised dealers. The extension would be effective from January 2, 2006.