National Bank of Georgia approved the instructions of payment and storage by international organizations of Eurobonds emitted in GEL.
According to the instructions, Eurobonds should be stored at an international depository, on special account, opened for the clients of National Bank of Georgia and are subject to the rules and conditions of corresponding market.
Once Eurobond arrives at correspondent account of the National Bank at international depositary, National Bank withdraws settlement amount from the settlement account and Eurobonds, purchased by the client, will be deposited on the accounts, existing in the CSD system.
Settlement in case of purchasing, selling, handing over, pledging and repo operations related to Eurobonds, deposited on the accounts of the National Bank, are performed through CSD system.
Expenses, related to settlement and storage of Eurobonds, are recovered by the National Bank from the account of corresponding client. The expenses are recovered in GEL, at official exchange rate by the moment of withdrawal of the amount from the account.
