At this stage allow me to mention a number of on going initiatives that are at advanced stages of implementation. (i)  BOU is in the process of upgrading and customizing the Reuters system to enable banks report money market and forex transactions in real time. It is expected that this initiative will enhance transparency and minimize price distortions in the market.
(ii)  BOU is currently revamping its website to provide additional market information by the development of a yield curve matrix for T-bonds and T-bills which will provide a daily pricing mechanism for all outstanding government securities. Additionally, we believe the matrix will focus investor interest on the yield curve, while at the same time stimulate secondary and repo market trading.