Financial Markets
Government securities
Government securities
Primary market
Stopanska Banka AD - Skopje as a direct authorized participant in the primary government securities auctions organized by the Ministry of Finance of the Republic of North Macedonia enables the legal entities and individuals to participate indirectly in the primary market of government securities. The Republic of North Macedonia guarantees the payment of obligations on the basis of government securities.
Government bills are short-term securities with maturity period longer than one year, while government bonds are long-term securities with maturity period longer than one year. The minimum amount for single request amounts to MKD 10,000. Each increment over the minimum amount is made by adding rounded amounts of MKD 10,000.
For the purpose of protecting investors from currency risk (risk of devaluation of the domestic currency), the Ministry of Finance issues government securities with FX clause. The Ministry of Finance determines in the Prospectus whether the sale will offer government securities with or without foreign exchange clause.
The requests from the clients of Stopanska Banka AD - Skopje are collected on previously determined forms and are based on agreement, signed between Stopanska Banka AD - Skopje and the client.
Forms for government bills:
Forms for government bonds:
Stopanska Banka AD - Skopje charges a fee of 0.11% of the nominal amount of government securities for all maturities, but not less than MKD 400.00. A fee of MKD 250.00 shall be charged for the rejected bids of the indirect participants in the government securities auctions.
On the day of holding the auction of government securities, no later than 10 o'clock, the necessary funds shall be paid for the purchase of government securities, plus the amount of the commission.
For more detailed information please contact the Trading Department:
Contact phone: (02) 3295- 107, (02) 3295- 108 and (02) 3295- 109
е-mail: devizen.pazar@stb.com.mk
Secondary market
The secondary government securities market incorporates the purchase and sale of already issued government bills and bonds by the Ministry of Finance of the Republic of North Macedonia. Trading takes place in direct contact between buyers and sellers, and is popularly known as over-the-counter.
Stopanska Banka AD - Skopje did not charge any costs for settlement of the transactions concluded on the secondary market, and settlement is made at T + 0, i.e. on the day of signing of the contract.
Trading on the secondary securities market enables the client to actively and efficiently manage the portfolio. The Bank is ready at any moment to buy back the SS of the client as well as to offer for sale to clients, SS which it holds in its portfolio.
After negotiating the sale and purchase price of GS with the dealers from the Trading Department, the following form should be completed and submitted:
Securities Settlement Instructions on OTC Markets Submitted by Seller (Buyer) to the Bank
For further information please refer to the following contacts in the Trading Department:
Contact phones: (02) 3295 -107, (02)3295 - 108 and (02)3295 - 109
е-mail: devizen.pazar@stb.com.mk
