Changing the Transfer Time for the Regional Clearing System
| No: 161000000173 | Date(g): 29/8/1995 | Date(h): 3/4/1416 |
Reference to the Upgraded Clearing System applied in all SAMA branches in Riyadh, Jeddah and Dammam, and further to circulars No. BC/108, dated 6/3/1415 H and No. 2820/BC, dated 2/3/1415 H, and pursuant to the agreement with all local banks at the meeting of the Banking Operations Managers Committee on 3/4/1995 A.D, The amendment of the regional clearing system (Transfer time) is hereby approved, whereby transfer time of all checks drawn at regional cities (Riyadh, Jeddah and Dammam) or at other cities shall become zero, as of Saturday 7/4/1416 H. (2/9/1995 A.D.) in accordance with the attached procedures.
For your info and acting accordingly