Regulatory Alerts2020-07-21
Added · Updated
DMD Circular No. 4: Formation of 'Government Securities Investment Window' for providing cliental services of Treasury Bills and Bonds
The Department of Management and Development directs all scheduled banks and financial institutions in Bangladesh to establish a 'Government Securities Investment Window' within three months to provide cliental services for Treasury Bills and Bonds. This window must handle investor information, account opening, trading execution, coupon and maturity payments, reconciliation, and integration with trading platforms such as the Dhaka Stock Exchange. Prior to the window's establishment, banks are advised to temporarily manage these services through customer service desks at branches near the Treasury Division. Institutions must also publish details of the window and its staff on their websites and notify the department.
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