Currency Exchange of Belarus: description and functions

This article will describe the currency and stock exchange. Belarus is the state on whose territory such an organization was established in 1998. Its powers were fixed by the corresponding decree of the president of the republic.

General information

Trades on the currency exchange Belarus carries out in three main segments of the financial market: urgent, stock and currency. The founders of the organization were the Ministry of State Property, as well as a number of large banks.

The Currency Exchange of the Republic of Belarus has its own supreme management body, which is represented by the General Meeting of Shareholders. The structure of the structure, in addition to the founders, includes broker-dealer companies and banks. Management of the organization is carried out by the Supervisory Board. This structure implements the management function between the General Meeting of Shareholders. The organization also acts as a settlement depository on the securities market. This body also conducts transaction registration.

To bidders

Above we have already told how the currency and stock exchange works. Belarus, as a state, supports the development of this structure, inviting new participants to its activities. To get this status, you need to fulfill a number of requirements and be a representative of a legal entity.

The Currency Exchange of Belarus is ready to offer various bargaining mechanisms for participants of the auction, as well as insurance of risks:

1. It is allowed to make transactions with derivatives market instruments, securities, as well as foreign currency.
2. Anonymous market trading with a continuous double auction is possible.
3. Interactive methods that contribute to the effective formation of prices are supported.
4. There are repo transactions.
5. Works of market-makers are supported.
6. Conducted transactions that provide for direct settlement between bidders.
7. Multicurrency operations are carried out.
8. Settlement and clearing and depository services are carried out. ABOUT
9. There are various auctions on the placement and purchase of securities under various settlement conditions.

The organization has technical support for electronic document management systems, as well as trade processes.

Investors

The currency exchange of Belarus provides ample opportunities. She manages personal savings and finance, as well as attracting investment in the business. The Belarusian Currency Exchange proposes to act as an investor to both legal entities and individuals. Having received the specified status, the client carries out trade.

History

The Belarusian Currency Exchange was established to organize the market mechanism of the quotation of the state's monetary unit. In 1994, the Ministry of Finance issued a short-term bond issue. Thus, the government securities market was established. At this stage, the organization prepared a software and technical and regulatory framework for electronic bond trades.

During the period from 1994 to 1995 on the trading floor, auctions of credit resources of various banks were regularly conducted. In 1996, the closed joint-stock company became the National Bank. By 1997, conditions were created for secondary circulation of bonds in the organized market. The first bidding took place in 1998.

Now let's move on to the events that have taken place since 2000. The circulation of shares of economic entities on the exchange market began. The Belarusian quoting automated system was put into operation. The latter is aimed at servicing the over-the-counter market.

The State Property Fund began to conduct auctions. The stock exchange obligatory registration of transactions related to securities began. The Ministry of Finance began holding auctions aimed at placing government securities. The information system "Stock market" was put into operation.

The first trading was held in the Derivatives Market Section. The institute of market-makers in the conditions of the bond market of the National Bank started functioning. An electronic system of foreign currency trading was put into operation. The sector of mortgage bonds of banks has been launched. The institution of market-makers in the conditions of the futures market began to function.