Lean non-investment market instruments of Central Bank

In the first quarter of this year, the market for non-investment instruments securities showed a negative trend. Were not marked new financial instruments, and the available market securities recorded stagnation.

According to the State Securities Committee (SSC), in January-March this year was not issued any certificate of deposit or housing certificates or treasury bills.

In December last year, the government was asked to allow importers to use treasury bills at payment of customs duties and taxes. However, meanwhile these papers are not practiced. In the first quarter of last year, one construction company has released 96 housing certificates worth more than 61 million manat. Despite the promising housing demand, housing certificates did not attract the attention of buyers of apartments.

This year, Azerbaijan signed promissory notes for debts totaling 2.8 million manat.

SSC for three months from the beginning of the year registered 661 mortgage-backed securities, which is 1% less than in the same period last year.

In the first quarter of this year, the SSC registered 7 contracts on securities. For the comparable period of 2012 there were signed 23 such agreements. On the number of pledged securities are not reported.

It should be noted that securities that are not yet common type of investing and raising capital. - 08D-