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A Mount Vema Government Bill (MVG-Bill) is a short-term debt obligation backed by His Mount Vema Majesty’s Government with a maturity of less than one year, sold in denominations of 100 golles up to a maximum purchase of 1 million golles. MVG-Bills have various maturities and are issued at a discount from par. Like zero-coupon bonds, MVG-Bills do not pay interest prior to maturity; instead they are sold at a discount of the par value to create a positive yield to maturity.

Weekly Issuance – Purchase Process
Regular weekly MVG-Bills are commonly issued with maturity dates of 28 days (or 4 weeks, about a month), 91 days (or 13 weeks, about 3 months), 182 days (or 26 weeks, about 6 months), and 364 days (or 52 weeks, about 1 year). Mount Vema Government bills are sold by single-price auctions held weekly, and like other securities, individual issues of MVG-bills are identified with a unique number.

Offering amounts for bills were previously announced each Monday, but has now moved to Wednesday (since March 18, 2019) for the following month auction, usually at 2:30 p.m., and for settlement, or issuance, also on Wednesday.
Purchase Orders must be entered before 4:00 p.m. on the Wednesday of the auction. The minimum purchase, is 100 golles. Mature MVG-bills are also redeemed on each Wednesday. Banks and financial institutions, especially primary dealers, tend to be the largest purchasers of MVG-bills.

Trading MVG-bills – Secondary Market
MVG-bills are quoted for purchase and sale in the secondary market of the Mount Vema Stock Exchange, priced through a competitive bidding process, at a discount from the par value. When investors redeem their MVG-Bills at maturity, they are paid the par value. The difference between the purchase price and par value is interest. For example, an investor purchases a par value 1,000 golles MVG-Bill for 900 golles. When this MVG-Bill matures, the investor is paid 1,000 golles, thereby making 100 golles on the investment.

Benefits to Investors
There are a number of advantages that MVG-bills offer to investors. They are considered low-risk investments and the income received is tax free. With a minimum investment requirement of just 100 golles, and a maximum investment of 1 million golles, they are accessible by a wide range of investors. The main downfall of MVG-bills is that they offer lower returns than many other investments, but these lower returns are due to their low risk. Investments that offer higher returns generally come with more risk.

​Regulatory Body
The Mount Vema Securities and Exchange Council (MVSEC) is the regulatory body charged with overseeing the activities of the Gollexi. An agency with the mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
Remember that trading in the stock market can result in the loss of your entire capital. Please ensure you fully understand the risks involved.


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ADMINISTRATIVE DIVISIONS
Pashant
Southland
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Neverland
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  • COUNTRY NAME: Kingdom of Mount Vema 
  • INFORMAL: Mount Vema, Vema Seamount territory  
  • FORMATION: 2006 (See Declaration of Sovereignty)  
  • RELIGION: Christianity  
  • LOCATION: Southeast Atlantic Ocean 
  • CAPITAL: Neverland (Under Development)
  • PEOPLE: Veman (s) (See Citizenship)​ 
  • LANGUAGE: English - (official language) 
  • GOVERNMENT: Constitutional Monarchy
  • CURRENCY: VSG (Veman golle) = 100 shares
COUNTRY CODE
​COUNTRY CODES IN USE  
Mount Vema Country Code: OV / MOV 
Mount Vema Numeric Country Code: 507
Currency Code: VSG

Proposed Top-Level Domain: .ov
Proposed Telephone Country Code: +294
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