Common use of Primary dealer agreements and repurchase agreements Clause in Contracts

Primary dealer agreements and repurchase agreements. The Central Bank makes agreements with market participants on issues of Treasury instruments and market making in the secondary market, subject to the approval of the Ministry of Finance. The purpose of these agreements is to strengthen the Treasury’s access to credit and to enhance price formation in the secondary market for Treasury securities. Furthermore, in order to support market making, the Central Bank provides special short-term securities lending facilities to primary dealers upon receipt of collateral in eligible securities. The Central Bank is responsible for the implementation of these agreements. Costs and commissions for primary dealer agreements are paid by the Ministry of Finance.

Primary dealer agreements and repurchase agreements. The Central Bank makes agreements with market participants on issues of Treasury instruments and market making in the secondary market, subject to the approval of the Ministry of Finance. The purpose of these agreements is to strengthen the Treasury’s Treasury access to credit and to enhance price formation for Treasury instruments in the secondary market for Treasury securitiesmarket. Furthermore, the Central Bank provides short-term facilities to primary dealers, secured with eligible collateral, in order to support market making, the Central Bank provides special short-term securities lending facilities to primary dealers upon receipt of collateral in eligible securities. The Central Bank is responsible for the implementation of these agreements. Costs Expenses and commissions for fees in connection with primary dealer agreements are paid by the Ministry of Finance.