Regulatory Alerts2011-03-16
Added · Updated
Submission of bids through primary dealers
Only Primary Dealers are authorized to submit bids in the primary auction of Government Treasury Bills and Bonds for the quarter of April-June 2011. Institutions other than Primary Dealers must participate in these auctions exclusively through Primary Dealers. This requirement applies to all scheduled Banks and Financial Institutions in Bangladesh.
Bangladesh Bank Head Office Motijheel, Dhaka-1000 Bangladesh
Debt Management Department Circular Letter No. DMD-01/2011 Date: 16 March, 2011 Managing Director/Chief Executive All scheduled Banks and Financial Institutions Dear Sir, Submission of Bids through Primary Dealers. It has been decided that only the Primary Dealers (PDs) shall submit the bid in the primary auction of Government Treasury Bills and Bonds for the next quarter (April-June, 2011). This system has been introduced to broaden and bringing in depth in the secondary market for Government securities. This newly introduced system may be continued further subject to successful implementation of the system. Institutions other than the Primary Dealers shall take part in the auction only through the Primary Dealers. Please acknowledge receipt. Yours faithfully, ( Bishnu Pada Saha ) General Manager Phone : 7120937
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