Banks collateral exchange system will be ready in June

The Central Bank of Kenya building in Nairobi. PHOTO | DENNIS ONSONGO | NMG

Banks will be able to trade government securities with each other through horizontal repos from June next year when the Central Securities Depository (CSD) becomes operational.

The World Bank has revealed that the Central Bank of Kenya (CBK) has put out timelines to finalise testing the system in May and roll out the programme by June next year.

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