Securities transaction be held in new order in Azerbaijan

Photo: Securities transaction be held in new order in Azerbaijan / Economy news

Baku, Azerbaijan, July 7
By Zulfiyya Gurbanova - Trend:

A new method of settlement of the securities transactions, concluded in the organized market will be introduced in Azerbaijan from July 1 at the National Depository Centre with the support of the State Securities Committee, the SSC reported.

Primary market transactions with government securities and repo-operations will be carried out during the trading day (T) by blocking the securities and funds prior to bidding. At the same time, the settlement on transactions with corporate securities in the primary and secondary markets is planned to held by blocking of securities prior to trading, as well as on the T +1 (extra time) instrument.

The application of new principles will create conditions for the improvement of the settlement in the securities market, to bring them into line with international standards, increase the volume of transactions in the market, attract new foreign and local investors to the market.

Edited by CN

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