Regulatory Alerts2012-07-24
Added · Updated
DMD Circular No. 06: Balancing Investment of Scheduled Banks in Government Securities
Scheduled banks in Bangladesh must allocate 60% of issued Treasury Bills and Bonds to Primary Dealer banks and the remaining 40% to 25 specified non-Primary Dealer banks. Primary Dealer allocations are split between an open auction and equal distribution among dealers, while non-Primary Dealer allocations are distributed equally based on a calculated ratio. These distribution rules apply to issuances starting from August 1, 2012.
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