On Nov. 4, CHL CB modified national currency and dollars regulation.
CHL CB published Circular 3013-956 to modify operating regulations of LBTR system.
Highlights
Every participant in the LBTR System shall be subject to the specified tariff charges.
Monthly fixed for access will be $4,930,000, access to LBTR MN and USD System.
Fee for each ITF processed under normal operation conditions through SWIFT network is $1,330 and through contingency mechanisms arranged by CHL CB will be $5,250.
Fee for settlement of net results of the daily cycles of the Clearing Houses is $1,330.
The fee extension of hours for each hour or fraction of it for participants is $830,000.
Imposition of charge for ITF processed through contingency mechanisms replaces b.1).
Its objective is to cover expenses linked to operation and use of these functionalities.
The b.1) charge will be applied if the alternative systems arrange the ITF processing.
Notwithstanding the schedules, participants may request hours extension to CHL CB.
The approval of the request will always be subject to the exclusive criteria of CHL CB.
Effectiveness
Circular 3013-956 will be effective as of Jan. 1, 2025.
