Rules of Saudi Arabian Riyal Interbank Express Indirect Participation

Reporting Requirements 41. Settlement Agent must file statistical report return relating to its Indirect Participants within 5 working days of the month end as prescribed in Appendix 1 . 42. Settlement Agent must report all operational incidents and/or credit events relating to services provided to its Indirect Participants within 24 hours of the incident / event occurrence followed by a full report within 7 working days of occurrence detailing the cause(s) of event along with remedial action taken to avoid repetition. 43. Similarly, Indirect Participant must report all operational incidents and/or credit events relating to services provided by its Settlement Agent within 24 hours of the incident / event occurrence followed by a full report within 7 working days of occurrence detailing the cause(s) of event along with remedial action taken to avoid repetition. 44. In case of an operational incident and / or credit event, SAMA encourages both parties to work closely with each other to remediate the effect(s) of incident / event effectively and efficiently. SAMA also encourages both parties to submit joint report instead of submitting separate reports as prescribed in article 42 and 43 of these rules. In case, either Settlement Agent or Indirect Participant submits a joint report, then both parties will be no longer required to submit separate reports as prescribed in articles 42 and 43 of these rules. 45. Banks are required to submit a copy of the report to SAMA via the following email address . 5.2 End User Terms 46. Settlement Agent shall ensure that the contract between the Indirect Participant and its End Users provides (in easily understandable language and in a clear and comprehensible form) all matters related to services relating to Saudi Arabian Riyal Interbank Express. Appendix 1 - Monthly Statistical Return Part A: SAR Outgoing Instructions Insert name of the Settlement Agent Monthly Indirect Participants SAR Outgoing Instructions Month, YYYY Date Indirect Participant’s Name 1 Indirect Participant’s Name 2 Total Indirect Participants Instructions Total Saudi Arabian Riyal Interbank Express Instructions processed by Settlement Agent Percentage of Indirect Participant Instructions over Total Saudi Arabian Riyal Interbank Express Instructions Volume Value Volume Value Volume Value Volume Value Volume (%) Value (%) a b c d e f = b + d g = c + e i j k = f/i x 100 l = g/j x 100 dd/mm/yyyy dd/mm/yyyy dd/mm/yyyy Total In case of a bulk instruction - take volume of individual instructions within the bulk instruction Insert name of the Settlement Agent Monthly Indirect Participants SAR Incoming Instructions Month, YYYY Date Indirect Participant’s Name 1 Indirect Participant’s Name 2 Total Indirect Participants Instructions Total Saudi Arabian Riyal Interbank Express Instructions processed by Settlement Agent Percentage of Indirect Participant Instructions over Total Saudi Arabian Riyal Interbank Express Instructions Volume Value Volume Value Volume Value Volume Value Volume (%) Value (%) a b c d e f = b + d g = c + e i j k = f/i x 100 l = g/j x 100 dd/mm/yyyy dd/mm/yyyy dd/mm/yyyy Total In case of a bulk instruction - take volume of individual instructions within the bulk instruction Insert name of the Settlement Agent Credit Lines and Collateral Held As of DD/MM/YYYY SAR' mn Indirect Participant’s Name Credit Lines Value of Collateral Held Total Unutilized Utilized Committed Uncommitted Total Cash Non- Cash a** b c d e ***g h i Indirect Participant’s Name 1 Indirect Participant’s Name 2 Indirect Participant’s Name 3 Total ** a = b + c = d + e *** g = h + 1