BAKU, Azerbaijan, Nov. 28
By Tamilla Mammadova – Trend:
Georgian Basisbank offers its clients lari treasury bonds, a service for buying government securities at the first auction, as well as buying and selling services on the secondary market, Trend reports via Georgian media.
The client with the help of Basisbank has the opportunity to apply for participation in the first securities auction.
The auction is conducted by the National Bank in the Bloomberg trading system.
The minimum volume of one application is 50,000 lari ($15,134), the maximum volume of custom applications should not exceed 75 percent of the amount put up at the auction.
The frequency of auctions is determined by the Ministry of Finance.
Basisbank is an active participant in the pilot program of the primary dealer system for the development of the securities market.
A developed market for government securities will contribute to the development of the country's capital market and the diversification of the investor base. It was in order to develop the market that a pilot program for primary dealers was launched.
Basisbank acts as an intermediary between the issuer of securities (Ministry of Finance of Georgia) and investors.
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