Briefly describe the government security markets in Bangladesh. Or briefly discuss the Government Securities Market in Bangladesh

 The government securities market in Bangladesh is primarily comprised of treasury bills and government bonds issued by the Bangladesh Bank, the central bank of Bangladesh, on behalf of the government. These securities are used by the government to finance its budget deficit and other expenditure needs.

 Government securities market of Bangladesh is consisting of tradable and non-tradable securities.

Non-tradable securities include National Savings Certificates i.e. Sanchayapatras and Sanchayabonds which are only for retail investors.

 The tradable securities include Treasury Bills (T-Bills) of 91, 182 and 364-days maturities and Bangladesh Government Treasury Bonds (BGTB) of 2, 5-, 10-, 15- and 20-years maturities. T-Bills and BGTBs are issued through auctions.

 Only Primary Dealers (PD) can submit bids in the auctions. Other institutions and individuals can submit bids in auction but through the PDs. At present 24 banks are performing as Primary Dealer. T-Bills and BGTBs can be sold in the secondary market. Non-resident individual and institutional investors also eligible to buy BGTBs through a Non-Resident Foreign Currency Account and Non- Resident Investor's Taka Account maintained with commercial banks of Bangladesh.

Bangladesh Bank have its own depository system for the transaction and settlement of Government securities in the Market Infrastructure (MI) Module. In 2011 BB introduced this automated system to expedite the primary auction and secondary market. Bangladesh Bank initiated to automate the process of trading and settlement of Government securities transactions in October 2011. The secondary market of Government securities of Bangladesh is comprised of Over the Counter (OTC) and Trader Work Station (TWS). Both the procedure are the integral parts of Market Infrastructure Module (MI Module)-the automated auction and trading platform of government securities

The government securities market in Bangladesh is regulated by the Bangladesh Bank, which sets the terms and conditions for the issuance and trading of these securities. The market is also supported by a number of primary dealers who act as intermediaries between the Bangladesh Bank and investors, facilitating the issuance and trading of government securities.