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YEREVAN. - The new legislation will allow to attract more international investors to the area of securities contracts from Armenia.

Deputy Chairman of the Central Bank of Armenia (CBA), Nerses Yeritsyan, told the aforementioned to Armenian News – NEWS.am.

The changes to the Law on Securities Market will bring the transactions made with secondary instruments in conformity with the International Swaps and Derivatives Association (ISDA) standards. Swaps and forward transactions are signed in Armenia now as well but not all foreign investors want to contribute to them given the lack of this legislative conformity, Yeritsyan said.  

Swap transactions are now available in the republic, but their price is high, since the republic lacks mechanisms for market price formation. “After we open a market for foreign investors, the number of these transactions will grow and indexes will be formed for their assessment. The secondary instruments will then become less risky, and thus more available,” Yeritsyan noted. 

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