These are short-term fixed-income securities issued at a discount. They are characterised by their high liquidity and low risk, and are traded between professional entities.
Frequently asked questions
Individual investors cannot trade directly on SENAF because it is a market exclusively for market makers. To purchase these assets, investors must use the AIAF market through their bank or financial intermediary.
The issuer returns the money originally invested to the investor and makes the final interest payment, thereby ending the life of the security.
Yes, it is possible to sell the bond on the BME secondary market before the final date at the price dictated by the market at that time.