The RTGS facilities will have to be available at every nook and corner of the country and therefore, the required network has to be in place for the purpose. SFMS is already web-enabled and ready for use.
We will be purchasing fixed-rate nominal bonds only, as these are the benchmark fixed-income securities in Australia and they underpin the pricing of many other assets. Inflation-indexed bonds are not part of the program. The initial auctions for AGS will be for around $ billion and the initial auctions for semis will be around $ billion.