Security Bank Corporation has been recognized by the Bureau of Treasury (BTr) again recognized as a Market Maker for 2023 under the enhanced Government Securities Eligible Dealers (GSED) program.
In a statement, the bank said the recognition is given in line with the Bank’s continued efforts to support the national government in promoting the development of domestic capital markets.
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 to develop Philippine capital markets.
“We’re pleased to retain our Market Maker status for 2023 as it allows 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,” said Security Bank Senior Vice President and Treasurer Andre Ibarra.
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.