Apr 04 2012
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First ASEAN+3 Bond Market Guide published
Published by the ASEAN+3 Bond Market Forum (ABMF) in collaboration with the ADB as its secretariat, the two-volume guide contains detailed information on bond market infrastructure; transaction flows, including information on matching, settlement cycles, and numbering; and the regulatory framework and market practices in the People's Republic of China (PRC); Hong Kong, China; Indonesia; Japan; Republic of Korea; People's Democratic Republic of Lao; Malaysia; Philippines; Singapore; Thailand; and Viet Nam.
ABMF expects the guide the first endorsed by the ASEAN+3, following consultations with regional policy makers and market players will increase investors' understanding of regional bond markets. The guide will also assist in setting up the Asian Multi-currency Bond Issuance Program (AMBIP), which ABMF hopes to introduce by the end of 2013, including possible pilot bond issuance through the program.
ABMF, set up in September 2010, consists of public and private sector experts, including self-regulatory organizations, depository and exchange institutions, market associations of ASEAN+3, and international market players. It aims to foster standardization of market practices and regulations in the local currency bond markets and is part of the Asian Bond Markets Initiative (ABMI) set up by Finance Ministers of the ASEAN+3 countries in 2003 to develop the local currency bond markets.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members 48 from the region.
© Press Release 2012
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