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      Question

      Which electronic platform is used for facilitating

      T-bills auctions?
      A Applications Supported by Blocked Amount (ASBA) Correct Answer Incorrect Answer
      B Negotiated Dealing System (NDS) Correct Answer Incorrect Answer
      C Real-time Gross Settlement Systems (RTGS) Correct Answer Incorrect Answer
      D Liquidity Adjustment Facility (LAF) Correct Answer Incorrect Answer
      E Immediate Payment Service (IMPS) Correct Answer Incorrect Answer

      Solution

      T-bills auctions are held on the Negotiated Dealing System (NDS) and the members electronically submit their bids on the system. Non-competitive bids are routed through the respective custodians or any bank or PD which is an NDS member.

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