Regulatory Alerts2016-09-02
Revised Guidelines for the Issuance and Transfer of Sierra Leone Government Treasury Bills
The Bank of Sierra Leone issues and regulates Government Treasury Bills through competitive weekly auctions, mandating Delivery Versus Payment settlement and standardized bid formats. The guidelines establish eligibility for commercial banks, discount houses, insurance companies, and the general public while detailing primary issuance procedures, minimum bid amounts, and allotment rules. Furthermore, the document outlines secondary market operations, including rediscount facilities, interbank repo and reverse repo transactions, and BSL standing facility windows, all priced relative to the Monetary Policy Rate.
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