Reply To:
Name - Reply Comment
Last Updated : 2024-04-20 17:50:00
The Central Bank this week called for expressions of interests (EOIs) for the establishment of a new electronic trading platform and a bond clearinghouse for government securities.
The platform should facilitate trading and central counterparty clearing and settlement of government securities.
The Central Bank said state-of-the-art technology of a new electronic platform would result in lower government borrowing costs, increase secondary market transactions, and help the price discovery process, while lowering settlement and counterparty risk and reducing liquidity requirements.
Firms who have experience in creating trading and clearinghouse platforms for government securities or similar debt instruments have been invited to forward their EOIs.
The Central Bank and primary dealers are currently using Bloomberg as their electronic platform to monitor and trade government securities.
Bloomberg was adopted by the Central Bank in late 2016 as a stopgap measure until a tailor-made platform could be constructed.
Central Bank Governor Dr. Indrajit Coomaraswamy had said that using an electronic trading platform would increase transparency. Sri Lanka’s bond market was hit by a massive scandal in 2015, which apparently led to the non-renewal of contract of the then Governor Arjuna Mahendran.
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
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
A recent post on social media revealed that three purple-faced langurs near t