{"id":43491,"date":"2012-11-08T14:13:21","date_gmt":"2012-11-08T14:13:21","guid":{"rendered":"https:\/\/armbanks.am\/2012\/11\/08\/236789\/"},"modified":"2024-12-15T13:00:34","modified_gmt":"2024-12-15T13:00:34","slug":"time-loan-platform-introduced-at-nasdaq-omx-armenia-stock-exchange","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2012\/11\/08\/43491\/","title":{"rendered":"Time loan platform introduced at NASDAQ OMX Armenia stock exchange"},"content":{"rendered":"<p><strong>YEREVAN, November 8. \/ARKA\/.<\/strong> NASDAQ OMX Armenia stock exchange introduced today a new instrument \u2013 a platform for concluding seven-day inter-bank loan transactions.<\/p>\n<p>Armenian commercial banks will take part in the trading on this platform. Trade sessions will be held every working day from 11:00 to 13:00. Throughout ten minutes after session closure there will be post-trade sessions for lending or borrowing money at the average interest rate shaped during this trading day.<\/p>\n<p>\u201cThis is another important step in expansion of the range of stock market services and financial instruments here,\u201d NASDAQ OMX Armenia CEO Konstantin Saroyan said.<\/p>\n<p>He said that stocks, corporate and government bonds are traded and cleared at the stock exchange along with currency, repo, overnight and time lending transactions.<\/p>\n<p>NASDAQ OMX Armenia Deputy CEO Karen Zakaryan, on his side, said that this lending platform will become the largest market of this stock exchange.<\/p>\n<p>He said that the time loan platform is a unique in financial markets for its essence, since it combines the systems of bilateral auction and centralized collateral management, which is regulated via complicated software.<\/p>\n<p>\u201cMany more developed stock exchanges don\u2019t apply such technology so far, and we are proud of the fact that today we offer a conceptually new financial instrument to the market thanks to our team\u2019s work,\u201d he said.<\/p>\n<p>NASDAQ OMX Armenia plans to replenish the range of this platform\u2019s instruments with new short-term and long-term lending resources in 2013.<\/p>\n<p>NASDAQ OMX Armenia (former Armenian Stock Exchange, Armex), was established in 2001 as a voluntary merger of broker (dealer) companies.<\/p>\n<p>In early November 2007, the stock market was reorganized into an open joint stock company.<\/p>\n<p>In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and in June 2009 it became the sole shareholder of the Central Depository of Armenia. -0&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NASDAQ OMX Armenia stock exchange introduced today a new instrument \u2013 a platform for concluding seven-day inter-bank loan transactions<\/p>\n","protected":false},"author":1,"featured_media":150665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12147,9216],"tags":[12296,12294,15644,13261],"class_list":{"0":"post-43491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bonds-am-en-en","8":"category-news","9":"tag-intra-bank","10":"tag-loan","11":"tag-nasdaq-omx-armenia-3","12":"tag-platform"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/43491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=43491"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/43491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/150665"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=43491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=43491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=43491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}