Recent Economic Developments



|Survey of SADC central banks market information system needs |

|Part II |

|Please state your contact details: |

|Country: SWAZILAND |

|Full name and surname: BERNARD MASOTJA VILAKATI |

|Title/Position/Department: GM FINANCE & FINANCIAL MARKETS |

|Agency/Institution: CENTRAL BANK OF SWAZILAND |

|Phone: 00268 2408 2000 OR 00268 2404 1829 |

|Fax: 00268 2404 8530 |

|Email: masotjav@.sz |

| |

|1. Most central banks have indicated that they have access to/use Reuters and Bloomberg. However, in many cases, |

|these systems are not being used for trading purposes or conducting the central bank auctions and many of the central|

|banks operations are being conducted manually. Results of auctions are also not posted to these platforms but instead|

|are made available only on the central bank website. |

|Please indicate whether you have these systems in place and whether the operations of the Bank (whether in money |

|market, bonds or foreign exchange) are being conducted manually or electronically? If electronically, which systems |

|are used? |

|Semi – Electronical – Reuters fully utilized for both trading and uploading auction results. |

| |

|2. Please list the RICs or Bloomberg codes of the pages where the results of auctions are posted. |

|Reuters – SWAT for auction results, SWAZ for exchange rates – also acts as the bank’s dealing code |

|3. If you have Reuters/Bloomberg in place and are conducting your operations manually, please indicate the reason for|

|this and why you do not utilize Reuters/Bloomberg for trading/auctions. |

|We utilize the two systems for trading purposes. |

|We don’t utilize Bloomberg for auction results but we do use Reuters. |

|4. Has there been training provided on the utilization of these systems and is the Bank aware of the various products|

|that Reuters/Bloomberg offer (eg. Reuters dealing? |

|There has been training on the Trading side but not on the Auctions. |

|5. Does Reuters/Bloomberg have an office in your country? |

|No. But they both have regional offices in Johannesburg, which is closer to us. |

|6. Do all market participants have these systems in place and do they utilize it for trading purposes? |

|Only the Central Bank of Swaziland has Bloomberg and Reuters Dealing. The other participants only have Reuters |

|3000Xtra for news and quotes. |

|7. If your central bank does not use Reuters/Bloomberg for trading/auction purposes, what does the Bank use these |

|systems for? |

|We use the systems partly for trading but mainly for research and market analyses. We use Bloomberg for Portfolio |

|Management and Risk Analysis. |

|8. Does your central bank have any plans in place to start conducting auctions or trading electronically? If so, how |

|much progress has there been and which systems does your Bank intend acquiring? |

|Plans are in progress and we will require technical assistance from Bloomberg and Reuters. |

|9. What type of information & research reports does your Financial Markets Department compile and feed through to the|

|Executive/Management of the Bank? |

| |

|Markets and Trend Analysis. |

Thank you for your time!

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