Custody of government securities
In accordance with the regulatory acts and its agreements with the Ministry of Finance and Economy, the Bank of Albania manages the Albanian Financial Instrument Settlement and Registration AFISaR).
AFISaR provides, amongst other things, the following:
- organisation of government securities auctions
- electronic registration of government securities
- settlement of securities in the primary auction and the secondary market
- settlement and registration of financial collateral agreements with government securities
The participants in the AFiSaR system may be direct or indirect, in accordance with the requirements set out in the Regulation on the AFISaR system and the relevant terms of the contract.