State Securities Market

• NBM Regulation on the placement, trading and redemption of government securities in the form of book entries no. 170/2018
• Central Depository rules, approved by the Supervisory Board of the CD no. 25 of 25.07.2018
• Ministry of Finance / Terms of placement, circulation and redemption of government bonds with fixed/floating interest rate, no. 08/3-1/323 of 14.08.2008

The issuance of the SS is carried out by the Ministry of Finance of the Republic of Moldova.

• Treasury bills (T-bills) - SS issued with discount and redeemed at their face value at maturity, with a circulation term of up to one year
• State bonds (SB) - SS issued for a term of one to five years, which entitle their holders to obtain the face value at maturity and to obtain interest on a semi-annual basis. State bonds may be issued at discount, face value or premium

• When trading SS, the Bank charges a commission, the value of which depends on the transaction value;
• When trading SS, the Bank charges a commission, the value of which depends on the transaction value, in accordance with the Bank’s approved commisions.
• The Bank is entitled to change the tariffs with any prior notice to the customers;
• According to Article 20 letter u1) of the Fiscal Code of Moldova, interest on state securities represents a source of non-taxable income;
• The Bank is entitled to change the commissions with prior notification of the customers;
• Guide of SS Investor.