Government bonds were placed in T+2 settlement mode on the UzRCE platform
Tashkent, Uzbekistan (UzDaily.com) – For the first time on the Uzbek Republican Currency Exchange (UzRCE) platform, government bonds were placed in T+2 settlement mode.
This mode involves making final settlements for government securities purchased at an auction on the second trading day after the day of the conclusion of transactions (no preliminary deposit of funds is required for the conclusion of transactions), which allows trading participants to effectively and rationally manage their monetary assets.
The introduction of this type of settlement in accordance with the requirements of international standards is designed to activate and increase the attractiveness of the government securities market, improve the risk management system, and attract more participants and investors to the market, including foreign ones, which, in turn, will help increase liquidity in the secondary market of this segment of the debt market.
Earlier it was reported that government securities with reference to inflation were successfully placed on the UzRCE, and the first market makers began to operate on the secondary market of government securities.
UzRCE is the largest and multifunctional exchange platform of the republic - the organizer of exchange trading in the foreign exchange, money and derivatives markets, as well as the government bond market, with a unique integrated system that includes trading floors, a settlement and clearing system and a depository.