Andrei Aukhimenia

Chairman of the Board

Address 48a, Surganova Str., 220013 Minsk, Belarus
Telephone +375 17 309 33 99
Fax+375 17 292 32 22
Email office@bcse.by
Contact Person Olga Blusson
blusson@bcse.by
+375 17 309 33 29
Website www.bcse.by

On March 4, 1993, 18 commercial banks established CJSC “Interbank Currency Exchange”. Its main activity was to organize trading in foreign currencies. The first trading took place on March 24, 1993.

On September 24, 1996, the Interbank Currency Exchange was transformed into the State institution of the National Bank of the Republic of Belarus “Interbank Currency Exchange” in accordance with the Decree of the President of the Republic of Belarus of April 9, 1996 No. 139. Additionally, the exchange is endowed with the functions of organizing trading in government securities of the Republic of Belarus.

On December 29, 1998, JSC “Belarusian currency and stock exchange” (the BCSE) was registered according to Presidential Decree of the Republic of Belarus №366 as of 20.07.1998. Its authorized capital was formed at the expense of assets and liabilities of the State institution of the National Bank of the Republic of Belarus “Interbank Currency Exchange”. The BCSE became the organizer of trading in the main segments of the organized financial market of the Republic of Belarus (currency, derivatives, securities, and money market).

On March 7, 2016, the BCSE was entitled to perform the National Forex Center (NFC) functions according to the executive order of the Council of Ministers of the Republic of Belarus and the National Bank of the Republic of Belarus as of 04.03.2016 No. 177/8.

Since July 18, 2017, the BCSE has been included into the Council of owners of certifying nodes (Node Council) in accordance with Minutes No. 9-1/НОД. The Node Council defines for blockchain network functioning, including connecting order for new owners, connecting application tasks, technical requirements, tariffs on services, and other regulatory norms.

 

RegulatorThe Ministry of Finance of the Republic of Belarus (securities market regulator, acting through its Securities Department)
National Bank of the Republic of Belarus (currency market regulator)
Instrument ListShares/ Municipal bonds/ Bonds of the National Bank of Belarus/ Bonds issued by banks/ Bonds of legal entities other than banks/ On-exchange bonds/ Government bonds denominated in BYN/ Government bonds denominated in foreign currency/ Currencies/ Future contracts
Trading Hours/SessionsSecurities MarketFirst Trading Session9:00 – 10:00
Second Trading Session10:30 – 12:20
Third Trading Session13:45 – 15:45
Fourth Trading Session 16:10 – 16:50
Government Securities MarketRuble bondsFirst Trading Session9:30 – 10:30
Second Trading Session10:30 – 12:20
Third Trading Session13:45 – 15:45
Fourth Trading Session14:45 – 14:50
Foreign Currency BondsFirst Trading Session9:00 – 10:00
Second Trading Session10:30 – 12:20
Third Trading Session13:45 – 15:45
Fourth Trading Session 16:10 – 16:50
Derivatives MarketTransferring the information on the amount of the account margin opened in the National Bank to the BCSE trading system.13:45 – 13:55
Trading session14:00 – 15:20
Participants’ positions transfer15:25 – 15:30
Forced settlement of positions14:50 – 15:25
Clearing Session15:25 – 15:30
Formation, printing and issuance of final documents to trade participants upon the trading results15:30 – 16:30
Currency  Marketmain currencies (EUR/BYN_TOD, RUB/BYN_TOD, USD/BYN_TOD, EUR/USD_TOD):10:00 – 13:00
other currencies10:00 – 16:00
Order TypesLimit orders/ Market orders/ Closing session orders/ AON/ Keep in order book
SpreadsYes (price spread, yield to maturity spread, repo yield spread, integrated settlement spreads)
Margin Buying/Short SellingYes (possible in accordance with local regulation)
OTCYes (purchase and sale, donation, swap, pawn, compensation, etc.)
Settlement TypesDVP, PVP
Settlement CycleT+0/ T+n/ NS/ S-Repo
Settlement CurrencyBYN, USD, EUR, RUB
Clearing/Nettingmultilateral clearing (ССP including)
Cross-border Transactionsno
Cross-border Links (Clearstream/Euroclear)no
Anti-money laundering RequirementsYES (in accordance with the Law 30.06.2014 No.165-3)
IOSCO MembershipNo
Working days
Country Belarus
Time Zone GMT+3
Days Monday / Tuesday / Wednesday / Thursday / Friday /