Murex Treasury Management Project Moves Forward with the Official Signing of the Preliminary Agreement on January 23, 2025

The project sees the participation of six of Georgia's leading commercial banks (Bank of Georgia, TBC Bank, Basisbank, Terabank, Cartu Bank, Liberty Bank), aiming to leverage its innovative functionalities for better treasury management.

On March 14, the Georgian Financial Markets Treasuries Association hosted the closing ceremony of the ACI Australia Dealing Simulation Course

Acting Governor of the National Bank of Georgia, Natia Turnava and the USAID Senior Private Sector Development Advisor opened the event. The event was also attended by the representatives of leading commercial banks, the USAID Economic Governance Program, and the National Bank of Georgia. The training course kicked-off on March 11. Representatives of local commercial banks, microfinance organizations, the Pension Agency of Georgia, the Ministry of Finance of Georgia, the National Bank of Georgia, the corporate sector, and an Armenian universal bank Ameriabank participated in it.

On November 8 - 9 Bloomberg's training course on the Fundamentals of Corporate Treasury Management was held

The project, led by certified financial risk analyst and manager Michael Wong, aims to study effective risk hedging strategies employed by corporations and, through their implementation, enhance the profitability of the business sector.

Registration for the Bloomberg Corporate Finance and Treasury Management training course has begun

The training sessions will be held at the National Bank of Georgia on November 8-9, between 10:00 and 16:00. Participants will have the opportunity to learn the fundamentals of effective finance optimization and treasury management strategies. The training includes an overview of important principles, such as cash flow forecasting, liquidity management, risk assessment, and effective hedging.

The second part of the Derivatives & ISDA Documentation Trainings was held on September 20-25

This course will provide participants with in-depth knowledge about the derivatives market, the structure of the ISDA master agreement, and the regulatory framework. This knowledge will enable them to confidently engage in derivatives’ transactions and effectively manage negotiations and associated risks. Ultimately, this will lead to improved financial performance in a highly competitive and regulated environment.

Enrollment for White & Case's Derivatives and ISDA documentation training is currently open

If you are the individual responsible for managing corporate finances and want to learn how to better manage risks, including FX and Interest rates, do not miss out this opportunity, as these trainings are designed for you. Training modules cover topics from understanding market structures and derivatives’ types such as swaps, options, and futures, to mastering risk management, pricing, and regulatory landscapes.

Georgian Financial Markets Treasuries Association has initiated a collaboration with Swiss consultants for the organizational development

This collaboration aims to improve organizational structure and governance process, enhance membership of the assocation and strengthen partnerships with international counterparts.

Regular Council Meeting of Georgian Financial Markets Treasuries Association was held on June 6, 2023

Members discussed the development of the Interest Rate Risk management tools market.

A Workshop between Georgian Financial Markets Treasuries Association and technology company Murex was held in National Bank of Georgia

The main objectives of the event were to define the roles and responsibilities of the parties involved in the joint project, to review the organizational structure and to improve the business relations between the interested parties and Murex.

GFXC approves its work program for the next two years

GFXC’s meeting of the current year was held in Zurich on June 27-28 with the possibility of virtual participation. Majority of the committee members met each other for the first time after the spread of the coronavirus.

According to the Public-Private Dialogue Quality Assessment (IDFI Assessment) in the process of drafting legislation, the "Rules of Activity of Foreign Exchange Market Participants" received the highest rating

With the support of the USAID Economic Governance Program, IDFI has released the results of the Public-Private Dialogue Quality Assessment process. The evaluation lasted for three years. In the first year of project implementation, 8 laws, 8 by-laws at the central level and 3 regulations at the municipal level were selected for evaluation.

Meeting with Financial Market Participants on FX Risk Management Issues

The Georgian Financial Treasury Association, with the participation of the National Bank of Georgia and the company Bloomberg, held a meeting on May 5, 2022 on the "FX Risk Management Issues".

Georgian Financial Markets Treasury Association organizes a meeting of financial market participants on FX Risk Management Issues

Georgian Financial Markets Treasuries Association, with the National Bank of Georgia and the Bloomberg, will hold a workshop on "FX Risk Management Issues" on Friday, May 5, 2022, at 16:00.

Georgian Financial Markets Treasuries Association has developed local model Master Agreement and Credit Support Annex

This document allows for derivative transactions to be carried out between the parties quickly, without legal risks and at minimal cost.

Georgian Financial Markets Treasuries Association has developed a master document on the Terms and Conditions of FX trading services

The Framework Document on FX Terms and Conditions is of a recommendatory nature and will help market participants to develop and maintain their own legal document.

Georgia implements FXGC related rules and implementation of Bloomberg B-Match

In order to support the implementation of the Global FX Code in practice, the National Bank of Georgia, with the support of Axiom Global experts and direct involvement of market participants, has done significant work and developed a new rule, which is based on the Global FX Code’s basic principles.

National Bank of Georgia has officially adhered to the principles of the Global FX Code and declared the statement of commitment to the FX Global Code

The code establishes uniform international rules and principles of conduct on the FX Market. The purpose of the code is to make the market more transparent, establish fair rules of conduct between participants of financial markets, define minimum requirements for organizational structure of financial institutions which will ensure their compliance of their activities with the best International practice.

Georgian Financial Markets' Participants Establish The Georgian Financial Markets' Treasuries' Association In Cooperation With The National Bank Of Georgia

One more step forward for the development of the Georgian Financial Markets. The treasury departments of commercial banks and microfinance organizations in cooperation with the National Bank of Georgia established the Georgian Financial Markets' Treasuries' Association (GFMTA). The main purpose of the Association will be to enhance the professional knowledge of the market participants and implement the best international practices on Georgian financial market.