The Bureau of Treasury (BTr) recognized Security Bank Corporation as a Market Maker for 2022 under the enhanced Government Securities Eligible Dealers (GSED) program. The recognition was given in line with the Bank’s efforts to support the national government in promoting the development of domestic capital markets.
The Bureau of Treasury awards Security Bank as a GSED Market Maker during a ceremony held in November 17.
The GSED program was launched in 2017 to promote the depth and liquidity of the Government Securities (GS) markets, specifically by enhancing the performance of the GS Primary Market and increasing the liquidity of the GS Secondary Market. The program also aims to assist the BTr in its initiatives aimed at developing Philippine capital markets.
“We’re pleased to retain our Market Maker status for 2022 as it will allow us to play a major role in BTr’s fund-raising efforts. Security Bank will continue developing the GS Primary and Secondary Markets together with other Market Makers,” says Raul Martin Pedro, EVP and Treasurer at Security Bank. “Ensuring the development of our GS markets is critical given our national government’s ongoing efforts to defeat this COVID-19 pandemic and bring the Philippines towards a sustainable long-term economic recovery.”
Annually, the BTr determines who will be Market Makers under the GSED program. Those who are named as Market Makers are considered by the BTr as having sufficient capacity and commitment to develop the GS Primary and Secondary Markets.