Regulatory Alerts2015-06-19
Regulation (NAP) - Regulation on the Issuance and Trading of Treasury Bills
The Central Bank of São Tomé and Príncipe issued this Permanent Application Standard to regulate the issuance, placement, and trading of Treasury Bills for liquidity management and treasury deficit financing. The document establishes access conditions for credit institutions participating in the interbank money market, defines primary market auction and placement procedures, and outlines secondary market trading rules and public distribution mechanisms. It further specifies discount calculation formulas, early reimbursement conditions, settlement processes, and the regulatory authority's oversight and sanctioning powers.
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