Operational Notice - South African Reserve Bank

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Appendix ITIMETABLE FOR REPURCHASE OPERATIONSElectronic announcementsby Reserve BankTime Activity Action by participant Action by Reserve BankWeekly:Auction invitation 12:00 Main repurchase auction Enter telephonic bids Receive, process and allocate bids(FM Pta)Bidding closes 12:15Auction results 12:20 Confirm amounts received Confirm allocated amounts withparticipants (FM Pta)12:50 Fax split of securities Check faxes received from participants(FM Pta)13:20 Deliver securities Receive securities as specified in faxesand transfer funds (FM Jhb)Auction invitation 15:00 Main repurchase auction if Enter telephonic bids Receive, process and allocate bidsthe 12:00 auction was (FM Pta)Bidding closes 15:15 postponedAuction results 15:20 Confirm amounts received Confirm allocated amounts withparticipants (FM Pta)15:50 Fax split of securities Check faxes received from participants(FM Pta)16:00 Deliver securities Receive securities as specified in faxesand transfer funds(FM Jhb)Daily square-off operations:Auction invitation 08:05 Supplementary and/or final Enter telephonic bids Receive, process and allocate bidsclearing repurchase/reverse (FM Pta)repurchase auctionBidding closes 08:10Auction results 08:12 Confirm amounts received Confirm allocated amounts withparticipants (FM Pta)08:20 Fax split of securities Check faxes received from participants(FM Pta)08:30 Deliver securities Receive securities as specified in faxesand transfer funds (FM Jhb)13
EXAMPLES OF ANNOUNCEMENTS ON WIRE SERVICESAppendix II1. MAIN REPURCHASE AUCTIONEstimated time of release: Invitation at 12:00 and/or 15:00 and results at around 12:20 and/or 15:20FIGURE 1: InvitationFIGURE 2: ResultsDate________________________A round of fixed rate repo operations is invited.Maturity date = __________________________.Repo rate = _____________________%The closing time for bids __________________.Date________________________Repo results:Total amount received = R______________million.Total amount allotted = R _______________million.2. SUPPLEMENTARY AND FINAL CLEARING REPURCHASE/REVERSEREPURCHASE AUCTIONEstimated time of release: Invitation at 08:05 and results at around 08:15FIGURE 3: Supplementary tender invitationFIGURE 4: Results of supplementary tender andfinal clearing tender invitationDate________________________Bids for a supplementary repo/reverse repo auctionare invited for value date ______________________at a rate of ___________________ %Maturity date = _______________The closing time for bids is ____________.Date________________________Auction results of supplementary repo/reverse repoauction for value date _______________________.Total amount received = R______________million.Total amount allotted = R _______________million.******************************************************************Bids for a final clearing (FC) repo/reverse repo areinvited for value date _________________.At a rate of (repo - 1,5%) / (repo + 1,5%)Maturity date = ______________________The closing time for bids is ____________.FIGURE 5: Supplementary and final clearingauction resultsDate________________________Auction results of supplementary repo/reverse repoauction for value date_________________________.Total amount received = R______________million.Total amount allotted = R _______________milion.***************************************************************Auction results of final clearing (FC) auctionsFor value date _________________.At a rate of (repo - 1,5%) / (repo + 1,5%)Type Rate ReceivedFC repo _____% R ____________ million.FC reverse repo _____% R ____________ million.14
Page 1 and 2: Operational NoticePertaining to ope
Page 3 and 4: SA RESERVE BANK1. Background1.1 Thi
Page 5 and 6: SA RESERVE BANK2.3 The marginal len
Page 7 and 8: SA RESERVE BANKAfrica. The issuing
Page 9 and 10: SA RESERVE BANKrepurchase auction,
Page 11 and 12: SA RESERVE BANKThe delivered securi
Page 13: SA RESERVE BANK7. Legal and account
Page 17 and 18: Appendix IIIREPURCHASE TRANSACTION
Page 19 and 20: Appendix VContact Name: ___________
Page 21 and 22: Appendix VIISOUTH AFRICAN RESERVE B

Operational Notice - South African Reserve Bank

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