BDF Legal Framework

The legal framework of the BDF comprises:

  • the Banknote Distribution Terms and Conditions (BDTCs), which are publicly available and maintained by the Reserve Bank;
  • the Banknote Distribution Procedures (the BD Procedures), which contain operational information that is available only to Participants and their Approved Cash Centre Operators (ACCOs); and
  • the Banknote Distribution Participation Agreement (the Participation Agreement), which is executed by the Reserve Bank and each Participant and under which each of those parties agrees to become bound by the BDTCs and the BD Procedures. A template of the Participation Agreement is contained in Schedule 22 of the BDTCs.