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The Warsaw Voice » Business » February 3, 2014
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BGK to offer Sell-Buy-Back transactions on T-bond market
February 3, 2014   
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Poland's state special purpose bank BGK will offer as of February 17 sell-buy-back transactions (SBB) of one-seven day tenors for papers with significantly reduced supply on the secondary T-bond market, Finance Ministry said in a statement.

"The goal for entering into Sell-Buy-Back transactions (SBB) by [BGK is] supporting the settlement system for Treasury bonds in case of temporary, significantly reduced availability of given bonds on secondary market due to demand exceeding supply," the statement reads.

BGK said it will act as a "last resort entity" and the SBB transactions "should not substitute nor supplement the SBB market, but provide support in case of disruptions, which cannot be overcome by the market itself."
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