We have been very cautious by generally limiting such aggregate outstanding liabilities and rarely does it exceed 10 per cent of reserves. Of course, there is no rigid rule. We observe great prudence in these matters while exercising flexibility. We publish all such operations from time to time.
This will help banks in drawing out the profile of their clients from their payment pattern. You will find more details on the differences between the present and the new systems in the brochures. It was my singular privilege to have welcomed you this afternoon, not just on behalf of the Bank of Mauritius but on behalf of the whole banking sector.