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Member Participants can carry out transaction
through 3 types of functions, namely:
Order Matching
Order matching refers to the matching of identical trades placed by the
buyer and seller into the pool that will automatically match the order in
the pool according to the matching mechanism with a set of predefined
matching principles. Once matched, an acknowledgement will automatically be
sent to both parties.
Types of Transaction
Outright Buy and Sell (OBS)
OBS trading is when a bond is bought or sold within standard terms and
conditions stipulated in the normal bond trading environment
When Issued (WI)
WI trading commences on the tender announcement date of all bond instruments
after stock creation, traded either on price or yield and trading continues
until the tender results are announced to the market.
Trade Negotiation
It is a process whereby the trader advertises the quotes to selected
participants. The respective parties may respond to the quotes advertised
and negotiate electronically with the initiator to reach a favorable and
agreeable price/volume.
Types of Transaction
Outright Buy and Sell
When Issued
Repo / Sell and Buy Back (SBBA)
Trade Reporting
A function to report any trade concluded between buyer and seller that has
been trade outside the system. The system shall allow the parties involved
in off market trades to report all transactions immediately regardless
whether one or both of the parties to the transaction is a member
participant, whether for own or clients? account.
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