Cost of Large Scale Asset Purchase (LSAP) vs direct purchase of NZ Govt bonds

Martin Taylor made this Official Information request to Reserve Bank of New Zealand

The request was refused by Reserve Bank of New Zealand.

From: Martin Taylor

Dear Reserve Bank of New Zealand,

With reference to newly-issued NZ Govt bonds purchased to date on the secondary market under the LSAP programme, can you advise the cost (actual or estimated) of purchasing bonds from the secondary market compared to purchasing those bonds at face value directly from Treasury.

For the purpose of clarifying my request, I am looking for the "margin" accruing to financial intermediaries that is incurred from purchasing bonds on the secondary market rather than directly from Treasury.

Thank you for your assistance.

Yours faithfully,

Martin Taylor

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From: RBNZ Info
Reserve Bank of New Zealand

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From: RBNZ Info
Reserve Bank of New Zealand

Dear Martin

 

Thank you for your official information request of 22 July 2020 for the
following:

 

“With reference to newly-issued NZ Govt bonds purchased to date on the
secondary market under the LSAP programme, can you advise the cost (actual
or estimated) of purchasing bonds from the secondary market compared to
purchasing those bonds at face value directly from Treasury.

 

For the purpose of clarifying my request, I am looking for the "margin"
accruing to financial intermediaries that is incurred from purchasing
bonds on the secondary market rather than directly from Treasury.”

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 19 August 2020, being 20 working days after the
day of your request. If we are unable to respond to your request by then,
we will notify you of an extension of that timeframe.

 

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Yours sincerely

 

 

Jessica Singleton

Communications and Engagement Administrator | Communications Department |
Reserve Bank of New Zealand | Te Pûtea Matua

2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140

Email: [2][email address]  | [3]www.rbnz.govt.nz

 

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From: RBNZ Info
Reserve Bank of New Zealand


Attachment OIA20 049 Response to M Taylor.pdf
143K Download View as HTML


Good afternoon Martin,

 

Please find attached our response to your official information request of
22 July 2020.

 

Kind regards,

 

Tobias Vandenberg

Ministerial & OIA Adviser | Reserve Bank of New Zealand | Te Pūtea Matua

2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140

DDI: + 64 4 474 8628

Email: [1][email address]  | [2]www.rbnz.govt.nz

 

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