The Clap
Dr. Mohamed Farid, President of the FRA, implemented new regulations that will make trades on corporate bonds happen during the same session (T+0).
What are Bonds?
Bonds are loans where the borrower uses the money to fund projects, & the loaner receives interest payments on the loan.
The Deets
The FRA says this decision came due to the requests of investment banks and asset management officials in the market.
Why this Matters
As per the FRA’s statement, the new regulations will stimulate the bond market in the EGX and provides an incentive to invest in corporate bonds in the EGX.
Bond trades to be implemented in the same session 💵
