Beftn System of Bangladesh Bank
Department of Currency Management and Payment Systems Bangladesh Bank Head Office Dhaka
DCMPS Circular No. 09/2010 Date : 10 Bhadro 1417 25 August 2010
Managing Director/Chief Executive Officers All scheduled banks in Bangladesh Dear Sir, Bangladesh Electronic Fund Transfer Network (BEFTN) Operating Rules. All Scheduled banks of the country that will participate in the Bangladesh Automated Clearing House (BACH) are hereby advised to download the Bangladesh Electronic Fund Transfer Network (BEFTN) Operating Rules for their use. The approved BEFTN Operating Rules is published in the website of Bangladesh Bank. The addresses of the website are: www.bb.org.bd www.bangladesh-bank.org They are also requested to execute and sign the Bangladesh Electronic Fund Transfer Network Participant Agreement and Indemnity (Appendix Seven) and send it to the Department of Currency Management and Payment systems, Bangladesh Bank within 30 September, 2010. Please acknowledge receipt.
Sincerely Yours, Signed (Jinnatul Bakeya) General Manager Tel: 880-2-7120372 Fax: 880-2-7120373 Email: jinnatul.bakeya@bb.org.bd
Enclosure: BEFTN Participant Agreement and Indemnity (Appendix Seven).
Bangladesh Electronic Funds Transfer Network (BEFTN)
OPERATING RULES
Payment Systems Division Department of Currency Management and Payment Systems Bangladesh Bank
10 August 2010
FOREWORD
A modern national payment system is the backbone for a country’s monetary and financial infrastructure and an advanced payment system plays a critical role in the country’s current and future economic development. Several years ago, Bangladesh Bank in partnership with the U.K. Department for International Development (DFID) embarked on a project to modernize Bangladesh’s national payments system. The project is multifaceted and its primary objective was to increase and improve
DCMPS Circular No. 09/2010 Date : 10 Bhadro 1417 25 August 2010
Managing Director/Chief Executive Officers All scheduled banks in Bangladesh Dear Sir, Bangladesh Electronic Fund Transfer Network (BEFTN) Operating Rules. All Scheduled banks of the country that will participate in the Bangladesh Automated Clearing House (BACH) are hereby advised to download the Bangladesh Electronic Fund Transfer Network (BEFTN) Operating Rules for their use. The approved BEFTN Operating Rules is published in the website of Bangladesh Bank. The addresses of the website are: www.bb.org.bd www.bangladesh-bank.org They are also requested to execute and sign the Bangladesh Electronic Fund Transfer Network Participant Agreement and Indemnity (Appendix Seven) and send it to the Department of Currency Management and Payment systems, Bangladesh Bank within 30 September, 2010. Please acknowledge receipt.
Sincerely Yours, Signed (Jinnatul Bakeya) General Manager Tel: 880-2-7120372 Fax: 880-2-7120373 Email: jinnatul.bakeya@bb.org.bd
Enclosure: BEFTN Participant Agreement and Indemnity (Appendix Seven).
Bangladesh Electronic Funds Transfer Network (BEFTN)
OPERATING RULES
Payment Systems Division Department of Currency Management and Payment Systems Bangladesh Bank
10 August 2010
FOREWORD
A modern national payment system is the backbone for a country’s monetary and financial infrastructure and an advanced payment system plays a critical role in the country’s current and future economic development. Several years ago, Bangladesh Bank in partnership with the U.K. Department for International Development (DFID) embarked on a project to modernize Bangladesh’s national payments system. The project is multifaceted and its primary objective was to increase and improve