{"id":5477,"date":"2024-11-22T09:43:13","date_gmt":"2024-11-22T08:43:13","guid":{"rendered":"https:\/\/lettre-bourse.com\/?p=5477"},"modified":"2024-11-22T09:43:13","modified_gmt":"2024-11-22T08:43:13","slug":"marche-monetaire-les-societes-de-bourse-vont-elles-suppleer-specialistes-en-valeurs-de-tresor","status":"publish","type":"post","link":"https:\/\/lettre-bourse.com\/?p=5477","title":{"rendered":"March\u00e9 mon\u00e9taire\u00a0: Les soci\u00e9t\u00e9s de bourse vont-elles suppl\u00e9er les Sp\u00e9cialistes en Valeurs de Tr\u00e9sor\u00a0?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Face \u00e0 la menace que <a href=\"https:\/\/lettre-bourse.com\/2024\/11\/22\/n-196-du-22-novembre-2024\/\">la concentration des valeurs du Tr\u00e9sor aux mains des banques fait peser sur la stabilit\u00e9 financi\u00e8re de la sous-r\u00e9gion<\/a>, certains analystes encouragent les soci\u00e9t\u00e9s de bourse, \u00e0 solliciter des agr\u00e9ments en qualit\u00e9 de Sp\u00e9cialistes en Valeurs du Tr\u00e9sor pour mobiliser l\u2019\u00e9pargne public afin de soutenir ces \u00c9tats.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">De nouveaux taux de pond\u00e9ration sont applicables aux engagements port\u00e9s sur les \u00c9tats de la Communaut\u00e9 \u00e9conomique et mon\u00e9taire de l\u2019Afrique centrale Cemac) depuis le 18 octobre 2024 jusqu\u2019en 2025. Pour le Cameroun le taux de pond\u00e9ration est de 90% ; la Centrafrique : 85% ; le Congo : 80% ; le Gabon : 100% ; la Guin\u00e9e \u00c9quatoriale : 85% et le Tchad : 90%. Ces pond\u00e9rations sont la r\u00e9sultante du niveau de respect des crit\u00e8res de convergence par chaque Etat. C\u2019est la quintessence de la lettre circulaire LC-COB\/32 sign\u00e9e par le secr\u00e9taire g\u00e9n\u00e9ral de la Cobac (Commission Bancaire de l\u2019Afrique Centrale), Marcel Ondele.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ces taux de pond\u00e9ration sup\u00e9rieurs ou \u00e9gaux \u00e0 80%, indiquent que les engagements des banques envers ces Etats sont consid\u00e9r\u00e9s comme pr\u00e9sentant un risque de cr\u00e9dit relativement \u00e9lev\u00e9 ou tr\u00e8s \u00e9lev\u00e9 comme le cas du Gabon. A fin juin 2024, la BEAC indique que le march\u00e9 des valeurs du tr\u00e9sor (MVT) de la Cemac p\u00e8se 6 871,7 milliards de FCFA soit 9,7% du PIB de la Cemac. 62% des valeurs du Tr\u00e9sor en circulation sont d\u00e9tenues par les Sp\u00e9cialistes en Valeurs du Tr\u00e9sor (SVT) soit 4 340 milliards. Or, dans son rapport de politique mon\u00e9taire de septembre 2024, la BEAC alerte sur \u00ab&nbsp;l\u2019accroissement de l\u2019exposition des banques au risque souverain, en lien avec l\u2019acc\u00e9l\u00e9ration des \u00e9missions de titres publics conjugu\u00e9e avec la r\u00e9currence des tensions de tr\u00e9sorerie, qui repr\u00e9sentent une menace sur la stabilit\u00e9 financi\u00e8re.&nbsp;\u00bb<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Face \u00e0 la menace que la concentration des valeurs du Tr\u00e9sor aux mains des banques fait peser sur la stabilit\u00e9<\/p>\n","protected":false},"author":1,"featured_media":5478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81,82],"tags":[],"class_list":["post-5477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-sous-region"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>March\u00e9 mon\u00e9taire\u00a0: Les soci\u00e9t\u00e9s de bourse vont-elles suppl\u00e9er les Sp\u00e9cialistes en Valeurs de Tr\u00e9sor\u00a0? 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