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BNR can sell foreign banks' stock exchange-listed bonds in inter-banking market

The National Securities Commission has approved for the National Bank of Romania (BNR) to sell, in the inter-banking market, stock exchange-listed bonds of the foreign banks that the BNR has in its portfolio and that are registered at the Central Depository, says the act published on the Commission's Web site.

The sale of the bonds issued by the international financial institutions that have entered the BNR portfolio following the execution of the financial guarantees set up in favour of the central bank or their sale directly from the account of the guarantee supplier is allowed on the BNR-managed inter-banking market exclusively.

'The provisions apply to the bonds issued by the international financial institutions accepted for trading on a Romanian regulated market and deposited in the Central Depository system authorised by the Commission, given that the relevant BNR regulations set their use as eligible assets for the monetary policy operations and for the crediting possibilities offered by the central bank', says the approval issued by the Commission on Sept. 9.

Three issues of bonds belonging to banks from outside Romania are listed on the Bucharest Stock Exchange - the European Bank for Reconstruction and Development, the European Investment Bank and the International Bank for Reconstruction and Development.

Sursa: http://www.actmedia.eu

Tags: inter banking market bonds listed stock exchange bnr

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