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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