TREASURY BILLS
National Treasury Bills Registry & Transaction Coding Framework
This is a platform that supports market participants in complying with statutes governing Treasury Bills and Government Bonds. The platform provides market participants with a secure and structured mechanism for registering ownership and validating qualifying transactions before settlement.
Why the PLATFORM ?
The framework strengthens the government securities market by providing:
- A centralised ownership registry
- Secure and auditable records
- Unique Transaction Codes
- Transaction validation before settlement
- Support for REPO transactions
- Improved transparency and market oversight
HOW IT WORKS
- REGISTER: Treasury Bills and Government Bonds are recorded within the registry
- VALIDATE: Transaction details are checked against the relevant securities and participant information.
- CODE: A unique Transaction Code is generated for qualifying transactions.
- SETTLE: The validated transaction proceeds through the applicable settlement process.
- RECORD: The transaction and resulting ownership information are securely recorded for audit and reference.
WHO IS IT FOR?
The framework is designed to support authorised participants across the government securities market, including:
Banks | Brokers | Asset Managers | Pension Funds | Insurers | Custodians | Settlement Institutions | Investors | TB Registry
BENEFITS
GREATER TRANSPARENCY: Improved visibility of ownership and qualifying market transactions.
STRONGER CONTROL: Transaction validation helps reduce operational and settlement risks.
AUDIT TRAIL: Secure transaction records provide a reliable audit trail.
