New counterparty agreement for a more effective money and bond market

In order to act as a money and bond market counterparty (primary dealer) to the Riksbank, in the future institutions will not be required by the Riksbank to be an agent of the National Debt Office or to quote two-way prices for Treasury and housing securities. As of May 18th, these requirements are to be replaced by the general criterion that counterparties are to contribute to good liquidity in the secondary market for Treasury and housing securities. This has been decided by the Governor of the Riksbank.

The changes create conditions for a more effective money and bond market, besides enabling more institutions, Swedish as well as foreign, to participate actively in the money and bond market. The changes are being made in the light of the increased competition that is foreseen when the euro market is established.

A press meeting at the Riksbank, with Deputy Governor Lars Heikensten and Richard Gröttheim, head of the Monetary and Exchange Rate Policy Department, is to be held today at 10 a.m. Admission by press card at No. 7 Malmskillnadsgatan.