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The Notice of MOF on Market Making Supporting Operations of Treasury Bonds 财库〔2017〕106号

Participating Institutions of Treasury bonds market making supporting operations, China Foreign Exchange Trading System, and China Central Depository & Clearing Co., Ltd.(CCDC),

To support the market making activities of Treasury bonds, improve the liquidity of the secondary market, and to perfect the Treasury bond yield curves to better track the supply and demand dynamics of the market, the Ministry of Finance decided to carry out a market making supporting operation of Treasury bonds (hereinafter referred to as ‘the operation’). We hereby notify you of the relevant matters concerning the operation as follows:

1. Schedule of the Operation

Direction

The Bond for Operation

Amount (100 million yuan)

Tenor(year)

Competitive Tender Period

Buy

2017 Book-entry Coupon-bearing Treasury Bond (Issue No.9)

12

1

11:05-11:35 am, June 20, 2017

2. Tender Unit Rules

The tender unit is 0.01 yuan. The difference of the highest and lowest tenders for every participating institution shall not exceed 25 tender units.

3. Submission of Bonds for Operation

The participating institutions winning the tender shall submit the bonds for operation to their bond accounts in CCDC before 2:00 pm of June 20, 2017, and shall make sure the bonds are in full amount and available for buy operation. CCDC shall in turn transfer the bonds for operation to the account of MOF in CCDC at 2:00 pm, June 20, 2017.

4. Other Issues

In addition to the above provisions, the operation is subject to the "Notice of Ministry of Finance on the Promulgating of the Rules for Market Making Supporting Operations of Treasury Bonds (Treasury [2016] No. 154).

 

Ministry of Finance

June 15, 2017

 

    Publish on :06/19/2017 10:46
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