MVG-NOTE

A Mount Vema Government Note (MVG-Notes) is a His Mount Vema Majesty’s Government marketable debt security with a fixed interest rate and a maturity between one and 5 years. MVG-notes are available from the government with either a competitive or noncompetitive bid and the income received is tax free.

MVG-Notes mature in two to six years, have a coupon payment every six months, and have denominations of 1,000 golles. In the basic transaction, one buys a 1,000 MVG-Note for 900 golles, collects interest of 3% per year over 5 years, which comes to 30 yearly, and at the end of the 5 years cashes it in for 1000 golles. So, 900 golles over the course of 5 years becomes 1,150 golles.
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Methods of Purchase
 
MVG-Notes can be purchased by various types of entities, such as trusts, estates, partnerships, including individuals, organizations, and corporate investors through a broker or financial institution. Institutions may establish a MVGMS Account to bid for Government securities directly at auction.
 
MVG-Notes are auctioned Quarterly August, December, and April, some with the same dates as reopenings. Reopened securities have the same maturity date, coupon interest rate, and interest payment dates as the original security, but has a different issue date and usually a different price.

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​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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