Treasury
Bills
• General Information
• Communiqué BOM
• Fees on Govt. Securities/BOM Bills
General Information
Trading of Government of Mauritius Securities/Bank
of Mauritius Bills on the Stock Exchange of Mauritius through Licensed
Stock Broking Companies
Government of Mauritius Securities/Bank of Mauritius Bills
are currently available to the public either through direct bidding on
the primary market or by direct purchase from any one of the four Primary
Dealers operating under the Primary Dealer System for Mauritius implemented
since 1 February 2002. With a view to widening accessibility of these
Bills to the public and increasing the range of investment instruments
available, the Bank of Mauritius, with the collaboration of the Stock
Exchange of Mauritius and Central Depository and Settlement Co Ltd, has
decided to sell these Bills through licensed stockbroking companies on
the Stock Exchange of Mauritius.
Twelve licensed stockbroking companies have been appointed to that effect and sales/purchases orders for Government of Mauritius Securities/Bank of Mauritius Bills may be effected through them.
The purchase of Government of Mauritius Securities/Bank
of Mauritius Bills on the Stock Exchange is restricted to Mauritian citizens
and is limited to a maximum of 20 units per order (one unit = Rs100,000
nominal).
Details of Government of Mauritius Securities/Bank of Mauritius
Bills will be posted on the websites of Stock Exchange of Mauritius and
the Bank of Mauritius as and when they would be listed.
The clearing and settlement of transactions effected shall
be handled by the Central Depository and Settlement Co Ltd.
Dealings in Government of Mauritius Securities/Bank of Mauritius
Bills shall be suspended five business days before the maturity date of
the Bills.
Fees on Government Securities / Bank of Mauritius Bills
|
% Value of Transaction |
| Stockbroking Company (%) |
0.20 |
| SEM (%) |
0.05 |
| CDS (%) |
0.05 |
| FSC (%) |
0.01 |
| Maximum Brokerage Fee (%) |
0.31 |
|
|