Segment Guaranteed Money Market of Organized Inter-bank Credit Market registered trade
On the Baku Inter-bank Currency Exchange (BBVB - Baki Banklararasi Valyuta Birjasi) in Bourse E-System of Trades (BEST) in the segment "Guaranteed Money Market" "Organized Inter-bank Credit Market" is registered in the transaction volume of 2 million manats .
According to the report BBVB, the borrowing period is 90 days and the annual rate is 8.5 percent.
Guaranteed Money Market is a segment of the inter-bank lending market, where the obligations on credit transactions is guaranteed by the Central Bank. Bank trading limits established by the Central Bank and agreed between all parties. Decisions about changes of trading limits are also considered and adopted by the Central Bank. Each of the banks participating in the Agreement may attract credit funds not more than 2 million manats a month. The maximum term of the loan is not more than 90 days. The interest rates are determined by the banks themselves. The current number of members of the Guaranteed Money Market is 10 banks. - 15D -
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