NEW CBI ANNOUNCEMENT

by **Rocky** Fri Oct 17, 2014 5:40 am

Rocky: Admin Assist; Posts : 272665
Join date : 2012-12-21

Post n°1

NEW CBI ANNOUNCEMENT

by Rocky Fri Oct 17, 2014 5:40 am

NEW CBI ANNOUNCEMENT

Republic of Iraq CENTRAL BANK OF KAO
(O: 9/a L >
40 ' 111 ' V I p to ralmsarf licensed to practice all banking
Guide the Central Bank presents his compliments of ....
Athada the provisions of paragraph ([You must be registered and logged in to see this image.] of article 26 of the Banking Act No. 94 of 2004, and for the purpose of determining the relationship between the Bank and the customer bkhsotes the above subject are clients of the banks the dealing balmkhok lgharbd assess their commitment to the instruments of their accounts of knowledge, wetthd the relationship between the Bank and the customer on these classifications which define the wakhgih method must contend with the customer amtaeala Bank for these categories in order to avoid any abuses. We would be as follows:
1 • banks via the credit information exchange system in the central World Bank report on any customer ytaedm for we coldness instruments and following the procedure required by the customer on the system.
2. banks sathiat input and query on the credit information exchange system data for the clients of the banks of the desired instruments signed ralsahab) an instrument drawn on any Bank and are not purely the lack of balance or insufficient balance or any of the technical reasons for the drawer closed and secondary rakhtlav formal signature, the amount does not match the number, type, alteration or cancellation in the body of the instrument, account number and not the dinar to the dollar or vice versa etc.Etc)
3 • customer owner of the checkbook or instrument) to inform the Bank in fact lost or stolen checkbook awalsk, to take legal action within 24 hours of ailagh Bank theft or loss.
It scored (for a start; Rashid Street • Baghdad-Iraq Tel; 1 7 1 5 6 86 of the central function of quarter 2 lines p.o. box, military 096418166802 •
Eliminate email: [You must be registered and logged in to see this link.]
CBI Head offieeAL-Rasheed St. Baghdad - ١٢٠٩ Tel:8165171 Telephone Exchange with 4 line
ROBOX:64 Fax: 0096418166802
E-mail: [You must be registered and logged in to see this link.]
4. Banks with the principle of transparency in the disclosure of clients who returned her letters for various reasons and to inform the Central Bank regardless of the nature of the relationship between the customer balmserva, the Bank will verify the full compliance by banks with these instructions and authorize the credit information exchange system according to the procedures defined for it.
5. the Central Bank of Iraq depends shahgih rankings using icons that illustrate the nature of his client with his bank and its commitment to meet the shuttle retired, and a penalty taken by كمؤ evil is important and key to assess solvency and the capacity and commitment to this customer, shows the classification code as in the annex facilities linked) on the report of the credit Bureau in dystrophy maz specifically for that.
6. the drawee bank the desired instrument with a darkness customer ralsa, heck available and appropriate means for the return of the instrument and due to return and to regularize this instrument within days) actual working maximum living inside of the return date, if other instruments are returned by a customer which a laishah settlement to resolve his situation.
7. settlement procedures mentioned in paragraph rum above as follows; —
A — if the desired instrument of Exchange customer's account they felt its accounts.

Table of categories of customers;
11 ' n ' Wen a. aaz BAM ' r. p.,? I and PT s AH AA; ' ءامل 1 1 aaabmwada-ACE, spray L. Eder, 016 *, t 8 a
A, g ' Wen 1 a-e, the ' mahamlma, Amir? Wade. The 0 has not been arhaa today on his instruments or accounts or during the term of the settlement conditions Shoba, 2 •ملت ' thua Alma p and I be alone a machine, ' a l'iUI o, RIA or ' WA ' a e a, ~ q 4. 1 0 zone a a ' a ' tell ءن, 066, 11-OHRjt |. C >
A-g ' Wen t ارلااءص,? noted jointly exhibited products, h, or h, aahom, AAAA ' only; 1 ▪ 10.-11801 AA ' a 11 21 ', and ' required, 1 n. 11 and 1 18 v 1, ءن issued its <, 11 e 11' a e 161 ■اح. H. what ' Zam 1119 a aalaaf 1 m 1 connection, Quad, 611 special issues or AAA ' «1 ءل 1 aas. Quad,. 1 • 1 1 e x, ^ 11 11 ' "mm, 11 0 ■, h ', (6 each war) a; for that AA ' given r, a ' azemh 11 r. 6t'nv-i'll r HR;.))
A customer on his instruments was arhaa or llasay accounts or described in paragraph (2) of the circular did not adhere to the normal duration of days) from the date of the first instrument and returns; past the old, meh Hamma. continue within this term,, ' a 11 16 1 AA said HLA. تء 811 1 Ah; a 4 time a ^ RI alaaa ' altitude ' UH ' aaass 11 CHRj L |. 7. the customer! 1 this altsanlf period of 9 months a.Vie ؤامه thief; e 3611 e and if the barn during specified period to transfer tsadavh to (CHD). Note — various Elbe handle this altmshav subject to far-bank turn, 11 LLC.,)
A. call offshore for our 1 AAA ' Sule required within the; amtaah L e 0H0), _,. customer has barhaa three or more during the period of zmshah not increase to 30 days and did not make the adjustment. C. the client has been set on his arhaa instruments of war or its accounts during and around it within the ' sa ' as OHO) L) during the, 1, (9 each war) ■ 1-1 1 of Iran ' and SM, ءن khma AA ' no. '' a call 'em (12;, or a) kadal that AA ' a ' is a ' aaar 11 AA., r. ^^ 21 1 a;, raat AAA ' a, or e, f; y 91 11 16 ■, and AA ' اءهل < s ' t ' 11 e ▪; 11 g ' Wen 11 11 ' cnw ^ i., a HF; r) Note : — Cautiously to sources in granting books sqm k select e Lenz
Port *, a *, this altsanth pain, that is, inter alia, resolution 5. zoba
A. call offshore m, ' AAA ' ءاما/developed with. 1.-12 t aa ' zem aalaava. m 111 < m, maaa t-12 t created ' to nl-v'l a.,-rams, ' aaa ' a, or the advice of ' aa-, (□ CH;. h. a. tasks of the fs, are 10 1 aaa ' did, a ' a 0 a. h a 4 2 w hera a 9-case lawyer, aa ' solok 101 > or welcomed, or free p .o only ' home a prize of a ' mass, اائ. _, اااءم 1 extension 1, 11 1 a,, a ' 1 a ', |. Note:-we gather the sources the p; (', the clearer is sensitive in the Baath party has the duration of this AAA ' Cobra ' or ' L t CHF |
Altsand or; a, grant books set and k sqm BS Ark was an enviable hasa
Sabat Ligne 1 —t a * h of blood clams p.

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by **Rocky** Fri Oct 17, 2014 5:41 am

Rocky

Rocky: Admin Assist; Posts : 272665
Join date : 2012-12-21

Post n°2

Re: NEW CBI ANNOUNCEMENT

by Rocky Fri Oct 17, 2014 5:41 am

HERE IS ARTICLE 26 FROM THE AFOREMENTIONED BANKING ACT POSTED AT THE CBI SITE

Section 5 – Rules for the Conduct of Banking Activity
Article 26 General banking principles
1. Banks shall conduct their administration and operations in a sound and prudent manner
and in accordance with the requirements of the law, any conditions and restrictions attached
to their banking licenses or permits issued by the CBI, and the regulations, guidelines and
orders issued by the CBI.
2. Banks shall: maintain adequate capital and liquidity; make adequate provision for
depreciation of assets, for discharge of liabilities, and for losses; maintain adequate
accounting and other records of business; observe sufficient and effective risk controls; and
ensure that their assets are diversified as to risk of loss.
3. The CBI shall, by regulation, prescribe detailed standards of conduct for banks which the
CBI shall apply in its prudential supervision in accordance with international standards and
best practices.
4. The CBI shall issue regulations specifying how the operational requirements specified for
banks by the provisions of this section, and in regulations issued by the CBI thereunder,
apply to banks and their subsidiaries on a worldwide consolidated basis.
5. Banks shall not establish group structures that hinder the exercise of effective supervision.
The CBI may issue regulations specifying rules regarding affiliates of a bank, in particular,
concerning the requirements for transactions between banks and any affiliates that are not
subject to consolidation in the preparation of financial statements.
6. The CBI shall issue regulations specifying how the operational requirements specified for
banks by the provisions of this section, and in regulations issued by the CBI thereunder, shall
apply to domestic branch offices of foreign banks.
7. Whenever an administrator of a bank discovers that the capital of the bank is less than the
capital required by law or by regulation of the CBI, the administrator must promptly notify
the CBI thereof.
8. The CBI may provide guidance, including by means of establishing rules for good
business conduct, or specify by regulation rules to ensure the banks’ good relations with their
depositors and customers.

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AND...HERE IS THE SAME ARTICLE 26 FROM "Iraqi Banking Law Order No.94 of 2004"

Section 5 – Rules for the Conduct of Banking Activity

Article 26 General banking principles

1. Banks shall conduct their administration and operations in a sound and prudent manner and in accordance with the requirements of the law, any conditions and restrictions attached to their banking licenses or permits issued by the CBI, and the regulations, guidelines and orders issued by the CBI.

2. Banks shall: maintain adequate capital and liquidity; make adequate provision for depreciation of assets, for discharge of liabilities, and for losses; maintain adequate accounting and other records of business; observe sufficient and effective risk controls; and ensure that their assets are diversified as to risk of loss.

3. The CBI shall, by regulation, prescribe detailed standards of conduct for banks which the CBI shall apply in its prudential supervision in accordance with international standards and best practices.

4. The CBI shall issue regulations specifying how the operational requirements specified for banks by the provisions of this section, and in regulations issued by the CBI thereunder, apply to banks and their subsidiaries on a worldwide consolidated basis.

5. Banks shall not establish group structures that hinder the exercise of effective supervision. The CBI may issue regulations specifying rules regarding affiliates of a bank, in particular, concerning the requirements for transactions between banks and any affiliates that are not subject to consolidation in the preparation of financial statements.

6. The CBI shall issue regulations specifying how the operational requirements specified for banks by the provisions of this section, and in regulations issued by the CBI thereunder, shall apply to domestic branch offices of foreign banks.

7. Whenever an administrator of a bank discovers that the capital of the bank is less than the capital required by law or by regulation of the CBI, the administrator must promptly notify the CBI thereof.

8. The CBI may provide guidance, including by means of establishing rules for good business conduct, or specify by regulation rules to ensure the banks’ good relations with their depositors and customers.

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