Bank Of Baku

Ministry of Justice registers turnover rules of two new instruments to be put up in capital market

Ministry of Justice registers turnover rules of two new instruments to be put up in capital market
# 22 December 2010 13:02 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijani Ministry of Justice has registered the turnover and emission rules of new two instruments to be put up in capital market, SCS Chairman Rufat Aslanli told APA.

“Yesterday, we were informed by Ministry of Justice about registration new rules. These rules will come into force after publishing in accordance to Azerbaijani legislation, recently” he added.

According to him, establishment of relevant platforms for free turnover of these instruments at the market is important and the measures at BSE’s e-trade system have been taken.

Note that, one of new instruments is designed to conduct repo and reverse repo transactions. The other one is for guaranteed mortgage bonds that the draft law on this has already been submitted to the parliament. This document is expected to be adopted at the next session of Milli Majlis.
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THE OPERATION IS BEING PERFORMED