Being an NBCP member does not automatically grant access to monetary policy instruments. Eligible members must apply separately for individual instruments, as participation in certain operations requires the execution of specific requirement.

Participation and Access

Eligible financial institutions, including deposit-taking and microfinance institutions, are invited to apply to be NBCP members and participate in NBC’s market operations. Access terms and eligibility criteria are set by the NBC to ensure sound risk management and market conduct.

Where eligible BFIs meet our threshold conditions and have appropriate collateral, they can apply for access to our facilities.

Eligibility and Participation

Participation in the National Bank of Cambodia’s market operations is open to eligible financial institutions that meet NBC’s licensing, prudential, and operational requirements. Institutions may participate only if they individually satisfy the eligibility criteria set out by the NBC, including requirements related to financial soundness, governance, and operational readiness.

Participation in NBC’s market operations is generally voluntary. Eligible institutions may choose which monetary and liquidity facilities they wish to access, subject to meeting the relevant terms and conditions.

Participation is also subject to legal, operational, and risk-management requirements. NBC expects participating institutions to provide sufficient information to enable the NBC to manage risks effectively and to act in a manner consistent with the objective of maintaining fair, orderly, and efficient financial markets. This may include contributing to NBC’s market intelligence and dialogue with market participants.

Types of Eligible Participants

NBC’s market operations are designed to support the development and stability of Cambodia’s financial system. Depending on the instrument and facility, eligible participants may include:

• Commercial banks,

• Deposit-taking institutions and microfinance institutions,

• Other licensed financial institutions, including non-bank financial institutions, where appropriate.

Eligibility to participate in specific operations may vary depending on the nature of the instrument, the currency involved, liquidity conditions, and the associated risk profile.