Business Report :
The central bank sent a letter to the chairman of the Bangladesh Securities and Exchange Commission (BSEC) last week informing of this initiative.
Due to the software upgradation process, the transfer of treasury bonds has been suspended since May 26.
However, associated systems have been kept running, such as for secondary trading and investor participation in primary auctions for treasury bonds.
The central bank hopes to bring the upgraded software online from June 2.
The banking regulator took up this initiative as some investors were facing long delays in getting treasury bonds upon their purchase though the existing system.
A top official of a stock brokerage told on Monday that although some investors had bought treasury bonds in recent weeks, it was not showing up in their BO accounts.
This was creating confusion among the investors over whether their payments had gone through, whether the system had registered their purchase orders and whether the treasury bonds would indeed be transferred to their BO accounts.
