Baku / 23.09.16 / Turan: For the 16 years of activity of the Baku Stock Exchange the first deal was concluded on repo operations with the participation of a non-financial company. Previously, as a rule, banks were involved in repo transactions.
The BSE press release notes that the transaction was in corporate bonds, the liquidity of which is provided by a market maker, although the daily newsletter shows that the subject of the transaction was the Ministry of Finance T-bills (AZ0104013492).
The transaction took place on September 21 and was concluded for a period of 30 days. The deal amounted to 1,464,758 manats. The interest rate was 11%
Note that the repo instrument is a transaction between the parties, providing a purchase of securities and their sale for a short period of time.
In repo the party experiencing a short-term need for cash sells its securities for a fixed term at a specified interest rate. ----08D
Economics
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