CURRENT AFFAIRS

Detailed explanation-1: -Singapore-based bond exchange, BondEvalue, developed by India-origin entrepreneurs, is targeting to launch a blockchain-platform in the New Year to facilitate investment in bonds by individuals and common man.

Detailed explanation-2: -Unlike publicly-traded stocks, there’s no central place or exchange for bond trading. The bond market is an “over-the-counter” market or OTC market, rather than on a formal exchange. Convertible bonds, some bond futures and bond options are traded on exchanges.

Detailed explanation-3: -Trading of bonds, notes, or sukuk in the Malaysian market can be done in the OTC market, on the ETP, or on exchange.

Detailed explanation-4: -A smart bond (or blockchain Bond) is a specific type of an automated bond contract that uses the capabilities of blockchain databases that can operate as cryptographically-secure yet open and transparent general ledgers. This is sometimes referred to as Distributed Ledger Technology (DLT).

Detailed explanation-5: -Investors can purchase bonds with the help of an investment representative, who will facilitate the buying and selling of financial securities between a buyer and seller. The investment representative’s firm is in communication with governments and companies that want to issue debt.