CBB Volume 6: Contents

Central Bank of Bahrain Volume 6—Capital Markets
Part A
Institutions
CSD — Clearing, Settlement and Depository
BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



Location: Central Bank of Bahrain Volume 6—Capital Markets > Part A > Institutions > CSD — Clearing, Settlement and Depository > CSD-2 Clearing House and Central Depository Function > CSD-2.1 Clearing House Function > Settlement Bank to Act on Instructions of the Clearing House > CSD-2.1.7
  • Settlement Bank to Act on Instructions of the Clearing House

    • CSD-2.1.6

      The licensed clearing houseG shall instruct the settlement banksG to debit or credit the account maintained by the licensed clearing houseG and also the designated bank accounts of the clearing membersG . The settlement banksG shall act on such instructions, which shall be deemed to be confirmed orders by the clearing membersG to debit and/or credit funds, as may be specified in the instructions from time-to-time.

      Amended: July 2016
      Amended: April 2016

    • CSD-2.1.7

      [This Paragraph was merged with CSD-2.1.6 in July 2016.]

      Amended: July 2016
      Amended: April 2016

    • CSD-2.1.8

      Clearing membersG shall authorise settlement banksG to access their designated bank accounts for debiting and/or crediting their accounts electronically, on the instructions of the licensed exchangeG or licensed clearing houseG .

      Amended: April 2016

Back to top