BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



Location: Central Bank of Bahrain Volume 1—Conventional Banks > Part A > Business Standards > BC Business and Market Conduct > BC-5 Dishonoured Cheques > BC-5.2 General Guidance on Administration of Dishonoured Cheques
  • BC-5.2 General Guidance on Administration of Dishonoured Cheques

    • BC-5.2.1

      Retail bank licensees that wish to issue cheque guarantee cards for an amount not exceeding BD 200 may do so, subject to informing the Director of Banking Services at the CBB of their intention and the arrangements governing the issue of such cards.

      Amended: January 2011
      October 07

    • BC-5.2.2

      Retail bank licensees, generally, should take steps to extend their administrative supervision and control over current account customers (in particular those who are in repeated breach of normally-accepted behaviour), and to stress to account holders the need for an appropriate level of discipline in the usage of cheques.

      October 07

    • BC-5.2.3

      Retail bank licensees should exercise greater vigilance over borrowers, especially in the area of consumer finance, where such borrowers maintain their current accounts at a bank or banks other than at the lending bank.

      October 07

    • BC-5.2.4

      The CBB will monitor the incidence of returned cheques on a monthly basis (as stipulated in Section BC-5.1) in order to determine the extent to which such incidence is being reduced or otherwise.

      Amended: January 2011
      October 07

Back to top