Bank Of Baku

New deal concluded in GMM

New deal concluded in GMM
# 23 September 2010 15:32 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Deals were closed in Guaranteed Money Market, BICEX.

According to BICEX term of deal is 5 days, volume AZN 1 mln, annual interest rate – 1.5%.

Note that GMM is a segment of Organized Interbank Credit Market (OICM) and has been in operation since 2009.
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THE OPERATION IS BEING PERFORMED