Banks to capitalize profit on financial engineering.

Banks and financial institutions are now allowed to record immediate profits on financial engineering operations carried out with the Central Bank (BDL) provided the funds they used in these operations result from their foreign exchange operations, according to a new BDL circular .

They are also allowed to record immediate profits if the proceeds used in these operations are not derived from funds deposited with BDL.

If these conditions are not met, banks and financial institutions...

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