2023-11-22

Circular Letter No. 09/23, dated November 22

The Angolan Markets Department mandates all Bloomberg FXGO platform participants to integrate into Bloomberg Tradebook Singapore (BTBS) by December 31, 2023. Integration is free for entities possessing a Legal Entity Identifier (LEI) code, while others must pay USD 65.00 to obtain one through Bloomberg and complete a KYC questionnaire within approximately two weeks. Failure to comply with these integration requirements will result in the suspension of trading privileges on the Bloomberg FXGO platform.

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CIRCULAR LETTER NO. 09/2023 SUBJECT: FOREIGN EXCHANGE MARKET

  • Bloomberg FXGO Platform In order to ensure the global compliance requirements of participants in the Bloomberg FXGO Platform, amendments are foreseen to the trading platform for the Money and Foreign Exchange markets, with the main amendment being the integration of all participants in the FXGO platform into the entity 'Bloomberg Tradebook Singapore (BTBS)', while leaving unchanged the trading functionalities for the different financial centers. Bloomberg Tradebook Singapore Pte Ltd ("Tradebook Singapore") was developed based on the cutting-edge technology of Bloomberg's various trading platforms, and is already used by more than 1,000 institutions worldwide, thereby making BTBS a global trading platform that provides eligible participants with access to quotation and trading functionalities for various asset classes, including bonds and equities, as well as rates, credit derivatives, foreign exchange, and commodities. In this regard, considering the mandatory integration of participants in Bloomberg FXGO into Bloomberg Tradebook Singapore Pte Ltd (BTBS) for compliance reasons, this Circular Letter serves to guide the following:
  1. All participants in the Angolan market trading on the Bloomberg FXGO Platform must complete integration by December 31, 2023.
  2. For the purposes of the preceding paragraph, integration into the BTBS platform incurs no cost, except for market participants who do not possess an LEI Code (Legal Entity Identifier - LEI Code), which consists of a unique and permanent alphanumeric code, composed of 20 characters, that

CONTINUATION OF CIRCULAR LETTER NO. 09/DME/2023 page 2 of 2 allows the unequivocal international identification of any participant in financial markets, thereby contributing to transparency and increased confidence in the counterparties of financial transactions, as well as mitigating risks of market abuse, financial fraud, money laundering, and terrorism financing. 3. Market participants who do not possess an LEI code may obtain it through Bloomberg, at a cost of USD 65.00, by accessing the link https://lei.bloomberg.com 4. For integration into Bloomberg Tradebook Singapore Pte Ltd (BTBS), market participants must respond to a questionnaire that will be shared by the Bloomberg Team for KYC purposes, and in case of full compliance, integration will be confirmed within an estimated average period of approximately 2 weeks. 5. Failure to complete the integration process by market participants will result in the inability to trade via the Bloomberg FXGO platform. 6. This Circular Letter takes effect on the date of its publication. Luanda, November 22, 2023. MARKETS DEPARTMENT Tania Patrícia de Oliveira Mendes Lopes -Director-