Media ININ Economy We Trust
Media In / Agencies / Riyadh March 28, 2018
SAMA has successfully completed SAMA’s Sama e-Platform platform using the Bloomberg Auction System, which will facilitate the participation of local and international banks operating in the Kingdom in the primary market for permits and murabaha. During the new system.
The development of the platform is part of the role of the institution in the implementation of the program to promote business governance in line with the vision of the Kingdom 2030. The improvement of the proposals of liquidity management tools is an important step towards the development of the process of pricing permissions and Murabaha Which is conducive to raising the level of the debt market and managing liquidity in the Kingdom through the electronic platform.
Bloomberg’s Head of Fixed Income Products Nicholas Benn said that working with SAMA on its new bond issuance system provides Bloomberg solutions an optimal, cost-effective and secure way to manage operations for the major markets of exporters who would otherwise have to carry out a manual operation , Or to build and implement their own solutions.
The Bloomberg auction system, a sophisticated auction solution for government agencies and financial institutions, allows online auction bidding with dealers who can track auctions and bid through the Bloomberg Professional platform. The system is also part of Bloomberg’s multi-asset auctions that are fully integrated with data and news. Analysis and communication tools available on the platform.
