Securities Market

The exchange securities market is characterized by high adaptability, performance-based pricing and information transparency.

Currently, the following instruments can be circulated at the BCSE trading floor:

  • government long-term and short-term bonds of the Republic of Belarus
  • bonds of the National Bank of Belarus (short-term bonds, bonds for legal entities denominated in freely convertible currency, index-linked bonds)
  • bonds of local executive and administrative bodies (hereinafter - municipal bonds)
  • shares of open joint-stock companies
  • bonds issued by banks
  • bonds of legal entities other than banks
  • on-exchange bonds

    Government securities and securities of the National Bank of Belarus are admitted to trading based upon official results of the primary placement (based on security’s information contained in the Issuer`s decision). As soon as corporate securities and municipal bonds have been listed they are admitted to the BCSE trading.

    Transactions in securities are concluded in the electronic trading system.

    The government securities market is operating in the following modes:

  • before redemption (continuous double auction)
  • REPO (fixed pricing)
  • simple auction
  • REPO simple auction

    Corporate and Municipal Securities Market is operating in following modes:

  • continuous double auction
  • REPO (fixed pricing)
  • discrete auction
  • forward
  • simple auction

    Proposed exchange trading and settlement mechanisms are widely used by such public authorities as the State Property Fund Committee for State Property of the Republic of Belarus (for the privatization process purposes), the National Bank of the Republic of Belarus (to maintain and withdraw liquidity of the banking system and to implement monetary policy), the Ministry of Finance of the Republic of Belarus (for funding government deficits through IPO government securities).

    Trade technology provides remote trading or workstations at the BCSE. The trading system is adapted to electronic document usage.

    Professional assistance:

    Operational Department 

    mail:  48a, Surganova str., Minsk, 220013 BELARUS