On the occasion of its 125th founding anniversary, the Bureau of the Treasury (BTr) awarded its 6th set of GSED-Market Makers for the year 2023.
The awarding ceremony was held at the Marble Hall with key financial market officers representing their respective institutions in attendance.
For 2023, the eleven (11) GSED-Market Makers are Banco de Oro Universal Bank, Bank of the Philippine Islands, China Banking Corporation, Citibank N.A., Development Bank of the Philippines, First Metro Investment Corporation, Land Bank of the Philippines, Philippine National Bank, Security Bank Corporation, Unionbank of the Philippines, and Metropolitan Bank and Trust Company, who was recognized as the top GSED-Market Maker for the year.
National Treasurer Rosalia V. De Leon congratulated the 11 GSED-Market Makers and acknowledged their efforts in helping the National Government meet its financing requirements and supporting the initiatives of the BTr to enhance the access of Filipinos to investment opportunities.
Treasurer De Leon also acknowledged the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) as Special Awardees for being reliable partners in developing a more robust and financially inclusive local government securities market.
Meanwhile, Deputy Treasurer Erwin D. Sta. Ana also recognized the active participation of each GSED-Market Maker as well as ensured that the BTr will continue to coordinate with the industry players to help improve their performance as well as that of the market.
The Enhanced GSED program, which provides for the obligations and privileges of GSED-Market Makers, was launched in 2017 as part of reforms to develop the domestic debt market.
Its goal is to promote depth and liquidity in the primary and secondary Government Securities market as well as support the capital market development initiatives of the BTr.
