Author: Biki

On 20^th September, 2018 Securities and Exchange Commission in Macedonia Banking Association presented new instrument in the capital market – perpetual bonds.

Тhe Commission recognized perpetual bonds as securities during June, 2018. Perpetual bonds do not have maturity date, therefore they are perpetual i.e “eternal”. These financial instruments can be included in Additional Tier I capital according to Decision on amending the Decision on the methodology for determining the capital adequacy (Official Gazette of the Republic of Macedonia No. 218/16).

In financial world, when talking about perpetual bonds, we consider financial instrument between bond and equity. On one hand, perpetual bonds do not have maturity date (perpetual) i.e they have no maturing principal that should be paid on some fixed date in the future, characteristic in which they resemble to equity. On the other hand, holder of the bond receives the income in form of coupons, in regular monthly instalments in fixed amount and do not have voting rights, characteristics in which they resemble to bonds.

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ACI Macedonia introduces a redesigned website.

Here you can find all current information linked with the banking sector, as well all the questions connected with education and training. On our website you might find very useful information that could be exchanged publicly with the site members.

Enjoy and be informed.

In the organization of ACIFMA on 20th and 21st September 2018 there was organized work shop on which participants have opportunities to learn how to use ACI ELAC portal and how to promote it on the local markets. Participants were representatives for education from 10 national associations, among which the representative of ACI Belgium, Marc De Bosscher was. At the same time he is the president of the ACI Europe. Work shop was held in the offices BPW (best practice world), the company partner of ACIFMA that also prepares ACI ELAC portal.

What is ELAC (E – learning, Attestation and Certification Portal)?

Continue reading “ACI ELAC Boot Camp – Europe edition”

This year daily traffic on the foreign currency exchange market in the Republic of Macedonia is moving between 30 and 45 million Euros.

Bojan Cvetanovski

President of the Executive Board of the ACI Macedonia – The financial market association

 

Q: You are the president of the ACI Macedonia – The financial market association. At the beginning tell us something about association, its type, previous history, about its members, international status…

Cvetanovski: ACI Macedonia – The financial market association is established on 23th of April, 1996 year, named as Macedonian Forex Club, initiated from the National Bank of the Republic of Macedonia. In 2001 Association became part of the international association ACI – Financial Market Association with it’s headquarter in Paris and with members of 63 countries. Than the name was respectively adapted in ACI Macedonia – The financial market association that represent an international standard. Members of this association are all commercial banks from the Republic of Macedonia and National Bank of the Republic of Macedonia. Association is a non – profit organization that operates in accordance with its Status and adequate subsidiaries. Association is structured from: Executive Board, Supervisory Board and Assembly. Once in a year the Organization organized cheerful annual assembly where among the participants are all domestic banks, domestic and foreign experts, quests from foreign banks and representatives of the financial software.

Q: What is Association main purpose and whose are their regular activities?

Continue reading “Interview with the president of the ACI Macedonia in the magazine Business and Economy”