On the communication of information to the Central Bank as part of the monitoring of foreign exchange regulations
THE GOVERNOR
Mindful of the Statutes of the Bank of Central African States in force;
Mindful of Regulation No. 02/18/CEMAC/UMAC/CM of 21 December 2018 on exchange rate regulation in CEMAC;
Pursuant to articles 144 and 146 of the said Regulations, ## HEREBY GIVES THE FOLLOWING INSTRUCTIONS
Article 1 - This Instruction defines the category of economic agents, the nature and frequency of the information communicated to the Central Bank for monitoring exchange regulations.
Article 2.- This Instruction applies to the following economic agents:
approved intermediaries Payment institutions; - Custom administrations; - the administrations in charge of the public debt; other legal entities; individuals.
Section 1 - Periodic declarations of authorised intermediaries
Article 3.- Credit institutions communicate daily to the Central Bank:
- the status on D-1 of all orders issued externally;
- the status on D-1 of all transfers received from outside;
messages to correspondents on D-1 ordering currency retrocessions to the Central Bank;
- the summary statement of the balances of all nostri accounts, all currencies combined, together with the corresponding statements;
The overall state of current needs within the meaning of foreign exchange regulations, as determined the day before.
Article 4.- Credit institutions communicate on a monthly basis to the Central Bank:
- the status of cumulative payment and withdrawal transactions exceeding CFAF 5 million carried out outside CEMAC with electronic payment instruments;
- the status of external payments made online from CEMAC with electronic payment instruments for amounts exceeding 1 million CFA francs;
- the status of direct debits and settlements of imports of goods and services;
- the status of direct debits and settlements of exports of goods and services;
- the status of purchases and sales of foreign currencies to customers;
- the statement of foreign currency accounts of non-residents;
- the statement of residents' foreign currency accounts;
- the status of exchange rate commitments entered into by exporters;
- the status of the conditions applied and the pricing of foreign trade services.
Article 5.- Credit institutions communicate on a termly basis to the Central Bank:
- the summary statement of movements in the foreign currency accounts of nonresidents located outside CEMAC:
- the statement of own-account investments in securities abroad;
- the statement of investments, on behalf of clients, in securities abroad:
- the statement of receipts and repayments of loans contracted by customers from nonresidents:
- the statement of receipts and repayments of loans contracted on own account with non-residents;
- the statement of loans granted to non-residents and related repayments;
- the status of loan disbursements to non-residents and their repayments.
Article 6.- Credit institutions communicate on a biannual basis to the Central Bank:
- the list of their sub-delegated establishments, with details of the sub-delegations granted or withdrawn during the period;