Government Debt Instruments Program

The Principles and Foundations of Dealing in Government Debt Instruments program is one of the most important specialized programs aimed at qualifying professionals in financial markets, particularly in the field of trading government securities and financial instruments in the secondary market. This program has been designed in accordance with the requirements of the Financial Regulatory Authority to ensure the enhancement of the efficiency and skills of the participants and to build professional cadres capable of applying best practices and achieving the highest levels of performance.

The main objectives of the Government Debt Instruments Program

This program focuses on achieving a set of strategic objectives, the most prominent of which are

• Providing a comprehensive understanding of the concept and importance of government debt instruments.
• Explaining the mechanisms of issuing debt instruments in the primary market and their various types.
• Focusing on how they are issued and the roles of the main participants in this context.
• Training participants on how to trade in the secondary market by reviewing the trading mechanisms in the stock exchange.
• Knowing how to deal with government debt instruments among investors.
• Clarifying the central deposit and custody system and its role in ensuring the transparency and safety of transactions.
• Enhancing the participants’ ability to assess the risks associated with debt instruments and make sound investment decisions.

Target groups of the program

Responsible for trading government securities and financial instruments in the secondary market.

The main topics covered by the program

The program covers a comprehensive range of practical and theoretical topics.

Introduction to Government Debt Instruments and Their Types (Primary Market)

• Definition of government debt instruments and their types.
• Stages of issuing government debt instruments.
• Advantages of investing in government debt instruments.
• The risks associated with government debt instruments.
• Overview of the primary market for government debt instruments.
• Overview of Minister of Finance Decision No. 197 of 2024 issued on May 23, 2024.
• Definition of primary dealers.

The system of primary dealers and trading on the stock exchange (secondary market)

• Mechanisms for trading government debt instruments.
• Basics of investing in government debt instruments.
• An overview of the Board of Directors’ decision regarding the secondary market for government bonds.

Central deposit and custody of government securities

• Introduction to the company’s central depository system.
• Settlement operations for the secondary market of government debt instruments of all types.
• Transferring portfolios for the same beneficiary client.
• Market discounts related to the payment of returns and entitlements for all types of government debt instruments.
• Withholding and remitting taxes of all kinds, including withholding taxes on returns and capital gains taxes.
• Other services (mortgage – stock freeze – inheritance distribution).

Training system and program duration

22 training hours