Securities counter
The “Securities Counter” service became operational on September 26, 2016 and offers SINPE affiliates a mechanism for the direct placement of debt securities issued in standardized form. The mechanism is administered by the issuer, who can place securities directly in the financial market.
Service Schedule
The service is open in the following schedule:
• Inquiries: 7:00 a.m. to 6:00 p.m.
System Operations:
• Placement announcement: At least one business day before negotiation.
• Start of bid reception: 7:00 a.m. on the negotiation day.
• End of bid reception: 10:00 a.m. on the negotiation day.
• Bids allocation: 11:00 a.m. on the negotiation day.
• Distribution of bids: From allocation closure to 2:00 p.m.
• Settlement of bids: 3:00 p.m. on the designated settlement day.
Service Functionalities
The service offers the following functionalities:
• Management of placement announcements for the issuer.
• Bid registration.
• Distribution of allocated bids.
• Event notifications.
• Settlement at maturities.
Advantages
The service offers the following advantages:
• It enables direct participation of other institutions in primary market debt placement.
• It allows the issuer to keep the organization and operational control of the domestic public debt market.
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