Today.Az » Business » First agreement on market-making activity signed in Baku
21 January 2013 [20:00] - Today.Az
The first agreement on market-making activity on the Azerbaijani
securities market was signed between the Baku Stock Exchange and
Pashabank. From now on, signing of this agreement will serve as the
establishment of the activity of the market-making institution on the
local capital market.
According to the terms of the agreement, since January 21st 2013
Pashabank, by means of Pasha Capital, will provide the daily quotes on
the below-mentioned securities:
|
Issuer
|
State registration number/ISIN code of security
|
Ticker
|
Volume of buy obligation (on face value), AZN
|
Volume of sell obligation(on face value), AZN
|
Price corridor between buy and sell bids, %
|
|
Azerbaijan Mortgage Fund
|
AZ2001008682
|
AIF001
|
1 500 000
|
-
|
3
|
|
"Unibank" OJSC
|
AZ2008002027
|
UNBK2
|
200 000
|
-
|
5
|
|
"Unileasing" CJSC
|
AZ2005005197
|
UNILZQ3
|
200 000
|
-
|
5
|
|
"Bakcell LLC" Ltd.
|
AZ2001009466
|
BCELL01
|
200 000
|
-
|
5
|
|
"Bank of Baku" OJSC
|
AZ2006005360
|
BOFBK
|
200 000
|
-
|
5
|
According to the market-making rules of the stock exchange, the
market-maker provides daily compulsory buy and voluntary sell quotes
with an aim to ensure the liquidity on the market. The quotes are
disclosed on real time basis in the trading system of the BSE as well as
on daily basis in the the exchange's website.
PASHA Bank was established in June, 2007 and operates under licence of the Central Bank of Azerbaijan dated Jan.28, 2007.
Its primary objective is to strengthen leadership in the corporate
customer service, quality improvement of business on priorities,
determined by the strategy, as well as to establish and to develop the
long-term and trusting relations.
/Trend/
|
