Wednesday, January 22 2020 18:26
Alexandr Avanesov

Standards of International Capital Market Association (ICMA) to be  applied in Armenia

Standards of International Capital Market Association (ICMA) to be  applied in Armenia

ArmInfo.  The standards of the International Association of Capital Markets will be applied in Armenia. The Parliament of Armenia is discussing amendments to the Civil Code, with which it is planned to implement these standards.  According to Deputy Chairman of the Central Bank of the Republic of  Armenia Nerses Yeritsyan, we are talking about the application of  common universal standards.

This will enable Armenian business entities not to make additional  payments when concluding agreements with foreign partners. In  addition, the application of standards will provide an opportunity to  develop and deepen the domestic securities market.

The structured nature of repurchase transactions determines the  execution of a full written agreement before the transaction. All  REPO transactions must be governed by a legal agreement between two  interested parties, providing: 1) a complete transfer of ownership of  the securities, including any securities that are transferred as a  replacement or revaluation of collateral; 2) daily revaluation of  assets; 3) sufficient initial margin, maintenance of margin or  revaluation; 4) events of non-performance and subsequent rights and  obligations of the parties; 5) full set-off of claims between the  parties in case of non-fulfillment; 6) conditions explaining the  rights of the parties in relation to the replacement of collateral,  accrual of coupon and interest payments, including their terms.  The  main legal document governing international repos is the Global  Master Repurchase Agreement (GMRA).

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000