Authorized Dealers Circuars

Reference	Document Title	Size
Ted-ad-37-2004	Foreign Exchange Market Auction No. 22/2004 of 22/3/2004 Published 3/22/2004	117KB
Ted-ad-36-2004	Foreign Exchange Market Auction No. 21/2004 of 17/3/2004 Published 3/17/2004	9KB

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Facts : 1/1/1995
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing. Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.
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