The Baku Stock Exchange held on October 20 a business forum dedicated to one of the tools to ensure liquidity in the securities market - repo.
During the forum discussions were held on the implementation mechanism of the market to manage liquidity using repo transactions. Speaking at the forum, the representatives of BSE, the National Depository Center, investment companies and SOCAR told about the importance of repo transactions to ensure the liquidity of their securities on the secondary market. The forum continued its work on panel debate on the efficiency of the repo tool in the management of short-term liquidity, the bond market level in Azerbaijan and the institution of market maker.
The forum was attended by representatives of financial and investment companies, real sector, SOCAR, the Azerbaijan Mortgage Fund, and regulatory agencies (the Financial Markets Supervision House and the Central Bank).
A repo is the purchase and sale of securities with resell (repurchase) after a certain period at a price pre-determined in the agreement. In other words, a repo agreement can be seen as a short-term loan. ----08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review