CBB Implements Inter-Bank Repo Using Conventional SecuritiesSource: www.export-egypt.com 12/9/2018, Location: Middle East |
|
|
|
|
|
As part of the ongoing efforts towards the development of the banking sector and promoting liquidity management for conventional retail banks, the Central Bank of Bahrain (CBB) launched a new liquidity management tool ‘Interbank Repurchase’ (Inter-bank Repo) for the Government of Bahrain conventional securities denominated in Bahraini Dinars.
Through an Inter-bank Repo transaction, the bank which requires liquidity can sell its government of Bahrain securities to the bank which provides liquidity for a pre-defined period and an agreed price. On the Repo closing date, the system will automatically execute the closing leg to return securities to the original Deliverer and funds to the original Receiver (Payee). The transfer and settlement of securities and the transfer and settlement of funds occurs through the Scripless Securities Settlement (SSS) System and the Real Time Gross Settlement System (RTGS) operated by the Central Bank of Bahrain. This tool will help conventional retail banks borrow from the local market at lower interest rates and with the guarantee of the securities as a collateral. This tool will also allow for investing excess liquidity at a lower risk. Offering this type of liquidity management tool will help in improving the money market and liquidity in the domestic market. |
|
|
Financials and Investment News in Bahrain >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Bahrain Oil & Gas 1 >> 2 | 3 | |
