Activities of banks on the DGB market

Abstract

The article focuses attention on the study of securities placed exclusively on domestic capital markets and highlights the role and importance of banks in this case First, the work analyzed the essence of the functioning of domestic government bonds. DGB belongs to debt securities that are sold to primary dealers and their clients on the primary market to finance the needs of the state budget. The work specifies the requirements for banks that can be primary dealers and the rating of domestic banks-primary dealers. A survey of domestic government bonds market was carried out, which are in circulation at nominal and amortized cost by owners, and it was found that during the last 5 years, banks occupied one of the leading places in the structure of their owners. It was revealed that the share of DGB in the total assets of domestic banking institutions is at a sufficiently high level, which is due to the significant reliability of these securities. The activities of securities traders - banks with the largest volume of completed and concluded exchange contracts with the DGB on the stock and over-the-counter markets in 2020 - are highlighted, and the banks that occupy the leading positions according to the indicated indicators are identified. However, the war introduced changes оn the activity of the domestic financial market, which were reflected in the activities of banking institutions and the functioning of the DGB, in particular, auctions for the sale of military bonds were launched.