Secondary Market

• ISK 1200 billion problem solved; stability ensured
• Stability conditions and stability tax on failed banks’ estates
• Currency auction for holders of offshore ISK in the autumn

The Minister of Finance has assigned the Government Debt Management within the Central
Bank of Iceland the task of concluding agreements concerning issuance of Treasury securities
and market making in the secondary market.

Government Debt Management securities lending facilities for primary dealers. 

According to the Agreements concerning Secondary Market Issuance and Market making in Treasury Securities dated 15 March 2013,  securities lending in series RIKB 14 0314  to each primary dealer will be increased from 2 b.kr. nominal value up to 4 b.kr. nominal value. These terms shall take effect after 11:00 am on Thursday 16 May 2013.

The Minister of Finance has assigned the Government Debt Management within the Central Bank of Iceland the task of concluding agreements concerning issuance of Treasury securities and market making in the secondary market.
Press release (pdf)
Sample of Agreement (pdf) 

Today the Government Debt Management on behalf of the Treasury and Primary Dealers signed agreements regarding Issuance and Market Making in Treasury securities. The objective of the agreements is to maintain the Treasury’s access to loan financing and to enhance price formation in the secondary market for Government securities.

As of April 1, 2012, five financial undertakings have been appointed as “Primary Dealers in Treasury securities”. They are: Islandsbanki, MP Bank, Landsbankinn, Arion Bank, and Straumur Investment Bank.

Press release (pdf)
Sample of agreement (pdf)