The case study on the Small Investors Program of the Philippines looks at a program that the Philippine government has been experimenting with to sell its securities directly to retail investors over the Internet. The recently revised version of the program called the Expanded Small Investors Program aims to increase access to government securities and distribute them more widely, develop better savings products, and enhance competition in the primary markets for these securities. Glaessner and Kantur analyze whether the programs main goals can be achieved while mitigating the risks. Their analysis suggests that there are good reasons to believe that the new program will succeed. Still, regular and responsive assessments and adjustments will be required as the program moves forwardq--Abstract.The U.S. TreasuryDirect System : The Philippine Expanded Small Investors Program Thomas C. Glaessner, Zeynep Kantur ... U.S. Treasury) and credit carda based settlementathe government avoids the costs of paper transactions, including postage expenses, personnel time, ... Moreover, the Bureau of Public Debt estimates that the department will eventually save $4a5 million a year on postage costs.
|Title||:||Two Case Studies on Electronic Distribution of Government Securities|
|Author||:||Thomas C. Glaessner, Zeynep Kantur|
|Publisher||:||World Bank Publications - 2004|