Dhaka, Bangladesh (BBN)- The central bank of Bangladesh is going to establish a platform soon for trading government securities only to bring dynamism in the country’s secondary securities market, officials said.
Bangladesh Bank (BB), the country’s central bank, Governor Atiur Rahman is scheduled to launch the platform – Market Infrastructure (MI) – on December 17 this year.
“We want to create a vibrant secondary securities market through establishing the platform,” a BB senior official told the BBN, adding that all commercial banks and non-banking financial institutions (NBFIs) will be allowed to take part in securities trading like the stock market.
He also said interested insurance companies and corporate entities can also participate in the trading system.
The central bank will organise a workshop on December 10 for the insurance companies and corporate entities to discuss about the new trading system.
Currently, three treasury bills (T-bills) are being transacted through auction to adjust the government borrowing from the banking system. The T-bills have 91-day, 182-day and 364-day maturity periods.
On the other hand, four government bonds of — 5-year tenure, 10-year tenure, 15-year tenure and 20-year tenure — are being traded.
BBN/SSR/AD-05Dec12-9:40 pm (BST)