G-Sec market transparency further improves

19 September 2016 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

Improving the transparency of the government securities market, the commercial banks have joined the Bloomberg electronic bond trading platform for government securities as directed by the Central Bank with effect from September 15, 2016. 


Prior to this, all primary dealers joined the platform on August 1, 2016. 
 Hence, now all primary dealers and banks undertake trades among them in the platform and report all over-the-counter outright deals with investors of Rs.50 million and above within 30 minutes. 
The Central Bank releases basic trade information on yields and volumes by each security traded to its website next day. 


The Central Bank said during 32 market days from August 1 to September 15, a number of 1,816 outright transactions amounting to Rs. 218.7 billion took place in trade of the majority of securities in issue. 

In due course, the Central Bank will release such market information twice a day, at noon and close of the day. 


“Accordingly, all stakeholders have now begun to yield the benefits arising from the transparency, price discovery and liquidity created through this trading platform in the market. 
The Central Bank is grateful to all those stakeholders who supported this significant milestone in further development of government securities market in Sri Lanka,” the Central Bank said in a statement. 


As the next stage, the Central Bank is now considering introducing the repurchase/reverse repurchase transactions to this electronic bond trading platform.

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




ANYTHING FOR MONEY

Some unregulated online lenders are remotely taking control of phones of thos

Frontline cops charge negligence by high-ups worsened police cluster

The police have done an invaluable service in the frontlines to combat the CO

US Vice President-Elect Kamala Harris’s Key Sri Lankan Tamil Aide

An overwhelming feeling of relief has descended upon the world-not merely th

The virus may be spreading much faster than official data suggest

The daily case reports from the Epidemiology Unit are the only data we have t

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.