The R201 benchmark bond should be quoted in minimum nominal amounts of R10 million at the maximum bid-offer spread of 10 basis points.
The R151 and R 152 splits should be quoted in minimum nominal amounts of R5 million at the maximum bid-offer spread of 5 basis points.
To avoid any risk of a market settlement failure in Government bonds in which the Primary Dealers have committed themselves to make a market, the Bond Exchange of South Africa may, as a measure of last resort, approach the South African Reserve Bank (SARB) to make the required scrip available to Primary Dealers only.