Treasury Bills Issued by the Ministry of Finance II

Topics:
Commercial Lending,
Financial Regulations
Tags:
Agreement,
Commercial Bank,
Finance,
National Bank Of Georgia,
REPO
Source:
National Bank Of Georgia

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Overview: This Regulation has been developed in accordance with Article 73 of the Organic Law of the National Bank of Georgia ("NBG") in order to comply with the requirements of Article 29 of the same law. REPO is an agreement on selling securities at a fixed price on the condition of further repurchase, whereas the party possessing excess cash temporarily delivers it to the other party. Registration of a General Agreement at NBG (in a special file of the Monetary Operations Department) between commercial banks and between a commercial bank and a non-bank entity on conducting a government securities repo transaction is mandatory. This article also explains about bidding procedures, subjects of agreements, conditions of agreements, rights and obligations of parties, terms of agreement etc.

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Format: HTML | Size: 1KB | Date: Oct 1998

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