As part of the financial markets development plan, the Bank of Uganda recently approved the proposal to make Deposit Auctions marketable and gave a no-objection to the introduction of Covered Sale Buy Back Bonds (CSBBB). The BoU approved the marketability of the Deposit Auction Facility as well as its issuance at a discount.
As a result, the financial institutions can now ably trade the Deposit Auction facility in the secondary market. Stakeholder impact is critical for the long-term survival of Supervised Financial Institutions (SFIs).