In accordance with the strategic goal for 2011,the national electronic platform MTS Czech Republic for the secondary market of CZK denominated government bonds has been as of 1 July 2011 implemented. The pilot operation of this platform was launched on 11 July 2011 for the period lasting until 30 September 2011, and as of the fourth quarter of 2011, full operation was launched consisting in the fulfillment of the quotation requirements related to the signature of the Primary Dealer Agreement for Czech Government Securities. Basic principles of trading on secondary market platform MTS CR are defined in Market rules which were amended effective from 4 January 2016 (Annex - Czech Republic - effective as of 4.1.2016 (.PDF, 353 kB)). The Annex should be read in conjunction with the General MTS Domestic Market Rules - effective as of 20.1.2015 (.PDF, 260 kB).
The objective of the trading platform MTS which is used by all major global and European financial institutions is to create and manage an effective and transparent secondary market. The MTS platform also enables clear monitoring of the behavior of market participants and compliance with the set rules in real time as a basis for the subsequent evaluation of their performance and point awarding.
The participation in the MTS Czech Republic system and the active generation of the secondary market based on defined rules is now one of the main conditions for inclusion in the Primary Dealer Group.
Update of List of Government Bonds Subjected to Quoting Obligations on MTS CR
On 1 January 2018, based on the agreement with the Primary Dealers in Czech government securities, the Ministry of Finance has included two additional benchmark government bonds to the list government bonds subjected to quoting obligations on the electronic platform MTS Czech Republic, namely CZGB 0.25/27 and CZGB 4.20/36. Minimum quoting volume of CZGB 4.20/36 was set at CZK 10 mio, due to relatively low outstanding amount and long time to maturity of this bond. 12 issues of government bonds (out of 24 issues outstanding) are now subjected to quoting obligations on the MTS Czech Republic.
Due to the short residual maturity CZGB 4.60/18 and 5.00/19 were excluded from the list.
|Issue number||Issue name||ISIN||Current coupon||Issue date||Maturity date||Bucket|
|76. issue||CZGB 1.50/19||CZ0001003834||1.50||14.01.2013||29.10.2019||A|
|91. issue||CZGB VAR/20||CZ0001004113||VAR||09.06.2014||09.12.2020||A|
|61. issue||CZGB 3.85/21||CZ0001002851||3.85||29.11.2010||29.09.2021||B|
|52. issue||CZGB 4.70/22||CZ0001001945||4.70||18.06.2007||12.09.2022||B|
|97. issue||CZGB 0.45/23||CZ0001004600||0.45||25.09.2015||25.10.2023||B|
|58. issue||CZGB 5.70/24||CZ0001002547||5.70||25.05.2009||25.05.2024||B|
|89. issue||CZGB 2.40/25||CZ0001004253||2.40||17.03.2014||17.09.2025||C|
|95. issue||CZGB 1.00/26||CZ0001004469||1.00||26.06.2015||26.06.2026||C|
|100. issue||CZGB 0.25/27||CZ0001005037||0.25||10.02.2017||10.02.2027||C|
|78. issue||CZGB 2.50/28||CZ0001003859||2.50||25.02.2013||25.08.2028||C|
|94. issue||CZGB 0.95/30||CZ0001004477||0.95||15.05.2015||15.05.2030||C|
|49. issue||CZGB 4.20/30||CZ0001001796||4.20||04.12.2006||04.12.2036||D|
|Bucket||Remaining Time to Maturity||Minimum Quoted Volume|
|A||1.25 - 3.5 years||CZK 50 mio|
|B||3.5 - 6.5 years||CZK 50 mio|
|C||6.5 - 13.5 years||CZK 40 mio|
|D||exceeding 13.5 years||CZK 30 mio|