Category Archives: South African Reserve bank

News from the South African Reserve bank

The SARB calls fintech firms to submit their innovative and sustainable solutions for the Global Fintech Hackcelerator @ Southern Africa

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Publish Date: 2019-08-22
Category: Media Releases

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Attachments:

Notice governing operational and administrative issues pertaining to repurchase transactions entered into by the Corporation for Public Deposits (“CPD Operational Notice”) – July 2019

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Publish Date: 2019-08-08
Category: Operational Notice
Author: Financial Markets

Background: 

This CPD Operational Notice applies to the Master Repurchase Agreement entered into between the Corporation for Public Deposits (CPD) and its counterparties and the 2011 Global Master Repurchase Agreement to be entered into between the CPD and its counterparties, as amended from time to time (“each respectively referred to as the Agreement”). The transactions will be conducted by the Financial Markets Department (FMD) of the South African Reserve Bank (the SARB), which, in terms of an arrangement approved by the board of the CPD, is responsible for the investment of CPD funds and the subsequent transactions to this effect. In the event of any conflict between this CPD Operational Notice and the Agreement, this CPD Operational Notice shall prevail in respect of the specific transaction or transactions. All capitalised terms used in this CPD Operational Notice and not defined will have the meaning given to them in the Agreement…

 

 

Attachments:

Operational notice: Money Market Operations – July 2019

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Publish Date: 2019-08-08
Category: Operational Notice
Author: Financial Markets

Background: 

This Operational Notice applies to the Master Repurchase Agreement entered into between the South African Reserve Bank (SARB) and its counterparties and the 2011 Global Master Repurchase Agreement (GMRA) to be entered into between the SARB and its counterparties, as amended from time to time (“each respectively referred to as the Agreement). This Operational Notice (Notice) forms part of the Agreement and clarifies the procedures which govern participation in the SARB open-market operations. All transactions referred to in this Notice are governed by the Agreement and the Agreement must be signed by all participants who conclude repurchase and reverse repurchase transactions with the SARB. In the event of any conflict between this Notice and the Agreement, the Notice shall prevail in respect of the specific transaction or transactions. All capitalised terms used in this Notice and not defined will have a meaning given to them in the Agreement…

 

 

Attachments:

Information notice on the official gold and foreign exchange reserves of the South African Reserve Bank as at 31 July 2019

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Publish Date: 2019-08-07
Category: Information Notice
Author: Financial Markets

​This notice provides detail of the US dollar equivalent of the level of the South African Reserve Bank’s (SARB) official gold and foreign exchange reserves, Special Drawing Rights (SDRs) and foreign currency deposits received from customers published today in the SARB’s Statement of Assets and Liabilities as at 31 July 2019.

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