(2020) BRH treasury bills: outstanding stock and interest rates, banking system, weekly Sep-Nov 2020

Banque de la République d'Haïti (BRH) • 2020 • 1 pages

Summary — Weekly BRH bulletin tracking treasury bill (Bons BRH) issuance, outstanding stock, maturities and auction interest rates across the Haitian banking system from 2 September to 18 November 2020. Issuance was nil for most of September and October, then resumed in November with 7-day, 28-day and 91-day bills.

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Key Findings

No Bons BRH issuance or outstanding stock from 9-Sep to 28-Oct-2020.
Issuance resumed 4-Nov-2020 with 7-day and 91-day bills totaling 1,540 million gourdes.
Outstanding stock (encours) reached 4,020 million gourdes by 18-Nov-2020 across 7, 28 and 91-day maturities.
Auction rates as of 18-Nov-20: 4.0% (7-day), 6.0% (28-day), 10.30% (91-day).
BRH mise en pension (repo) rate held constant at 17.0% throughout.
Five banks participated in the 18-Nov-2020 auction, up from zero in prior weeks.

Full Description

This is a weekly statistical table produced by the BRH's Direction Controle de Credit tracking Bons BRH (BRH treasury bills), the central bank's short-term debt instrument sold to the banking system, in millions of gourdes. For each week from 2 September to 18 November 2020 it reports issuance by maturity (7, 28, 91 and 182 days), total amounts served and cancelled, total bids submitted, the outstanding stock (encours) of bills by maturity net of repos, bills maturing, the number of participating banks, issuance discount (escompte d'emission), cumulative discount, effective interest, and repo (mise en pension/prise en pension) outstanding. The data show no bill issuance or outstanding stock from 9 September through 28 October 2020 (encours at zero, aside from a small 190 million gourde residual at 2-Sep-20). Activity resumed on 4 November 2020 with 550 million gourdes in 7-day bills and 740 million gourdes in 91-day bills, and by 18 November 2020 the outstanding stock reached 4,020 million gourdes across 7-day (1,850), 28-day (250) and 91-day (1,920) maturities, with five banks participating. Auction rates as of 18-Nov-20 were 4.0% for 7-day bills, 6.0% for 28-day bills and 10.30% for 91-day bills, while the mise en pension (BRH repo facility) rate held constant at 17.0% throughout the period.

Topics

Geography

Time Coverage

2020-09 — 2020-11

Keywords

bons BRH, bons du Tresor, encours, taux d'interet, systeme bancaire, adjudication, mise en pension, banque centrale, dette a court terme, Haiti, series:brh-bons-tresor

Entities

BRH, Direction Controle de Credit

Full Document Text

Extracted text from the original document for search indexing.

Bons BRH Système bancaire (EN MILLIONS DE GOURDES) 2-Sep-209-Sep-2016-Sep-2023-Sep-2030-Sep-207-Oct-20 14-Oct-20 21-Oct-20 28-Oct-204-Nov-2011-Nov-2018-Nov-20 Emissions: 7 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 550.00 1,400.00 1,850.00 28 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 250.00 0.00 0.00 91 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 740.00 0.00 1,180.00 182 jours Total servi 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,540.00 1,400.00 3,030.00 Total annulé 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,200.00 0.00 % servi Total des soumissions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,540.00 2,600.00 3,030.00 Encours de bons: 190.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,540.00 2,390.00 4,020.00 7 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 550.00 1,400.00 1,850.00 28 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 250.00 250.00 250.00 91 jours 190.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 740.00 740.00 1,920.00 182 jours Encours de bons (net des pensions)190.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,540.00 2,390.00 4,020.00 Bons à échoir: 400.00 190.00 - - - - - - - - 550.00 1,400.00 7 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 550.00 1,400.00 28 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 91 jours 400.00 190.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Bons à échoir 400.00 190.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 550.00 1,400.00 Nombre de banques 0 0 0 0 0 0 0 0 0 4 4 5 Escompte d'émission 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.21 1.09 31.27 Escompte d'émission cumulé 969.61 969.61 969.61 969.61 969.61 0.00 0.00 0.00 0.00 19.21 20.30 51.57 Intérêts effectifs969.24 969.61 969.61 969.61 969.61 0.00 0.00 0.00 0.00 0.00 2.16 4.98 Bons BRH mis en pension: Opérations Encours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taux d'intérêt (moyen précompté): Adjudication: 7 jours 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.0 4.0 4.0 28 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.00 6.00 0.00 91 jours 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.30 10.30 10.30 182 jours 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Prise en pension Mise en pension 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 17.0 * Encours si toutes les offres sont acceptées Source: Direction Contrôle de Crédit BRH