Regulatory Alerts2022-01-01
Instruction No. 05/CRCT/2021 on the Establishment of Treasury Securities Issuance Days in CEMAC
The Governor of the Bank of Central African States (BEAC), acting through the Settlement and Securities Depository Cell (CRCT), establishes a unified weekly auction schedule for CEMAC Treasury securities, designating Monday, Tuesday, and Wednesday as dedicated issuance days for specific country pairs. Each Public Treasury must transmit quarterly issuance calendars to the BEAC, publish call-for-bids notices four market working days prior to auctions, and announce results on the issuance day (J), with settlement and delivery occurring two market working days later (J+2) on Wednesday, Thursday, or Friday depending on the issuer group. "Market working days" are defined as SYGMA operating days from Monday to Friday, excluding January 1, May 1, and December 25, and this Instruction takes effect on January 1, 2022.