Extension from 28 February 2001 to 29 March 2001of the lagging of the Cash in Vault (CIV) accounts for 2 banking days
CIRCULAR LETTER Series of 2001
To : All Banks/NBQBs
For consistency with Circular Letter dated January 8, 2001, which allowed a 2-month period for lagging of the Cash in Vault (CIV) accounts of banks/NBQBs for two (2) banking days for purposes of computing the reserve position of the current day to improve their internal reporting systems in the implementation of the RTGS (MIPS2) and Circular Letter dated February 1, 2001, which postponed the implementation of the RTGS (MIPS2) from February 2, 2001 to March 2, 2001, please be advised that said lagging of the Cash in Vault (CIV) accounts for two banking days has been extended to March 29, 2001 instead of February 28, 2001.
For information.
ALBERTO V. REYES Deputy Governor
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