Today’s inaugural launch of the organized repo market is a clear manifestation that we have, indeed, moved beyond conversations and plans, and have taken concrete actions to achieve our common objectives. The Government Securities Repo Program The Government Securities Repo Program is a key initiative under the Local Currency Debt Market Development Reform package.
The BSP strongly believes that the establishment of an organized repo market is a key element in developing and deepening the domestic financial market. In particular, the organized interdealer repo market is expected to boost market liquidity and enhance price discovery as it gives GSEDs the ability to quote two-way prices.