On Jan. 31, CLB CB issued amendments re interventions operations.
CLB CB issued Bulletin 03 about Resolution 1, which modifies Resolution 1, of 2018.
Bulletin concerning foreign exchange market operations, conditions, and procedures.
Highlights
CLB CB may intervene in foreign exchange market by carrying conducting operations.
Such as buying or selling currencies at market rates, selling put or call options, selling spot currencies through FX Swap and through financial compliance forward contracts.
CLB CB will set conditions that authorized agents must meet to act as counterparties.
As well as the characteristics of the intervention operations, the corresponding contractual terms and conditions and the procedure for their implementation.
Intervention operations conducted in foreign exchange market are ruled by this Res.
Operations are subject to contracts entered into by CLB CB and the authorized agents.
The delays, failure to conduct intervention operations as well as errors in auction price by authorized agents shall be subject to the terms and conditions of the contracts.
Effectiveness
Resolution 1 of 2025 shall come into force on Aug. 1, 2025.
