The mandate of Botswana Bond Market Association is focused on the development of the bond market in Botswana. The Association serves to collaborate and complement the bond market development initiatives undertaken by Botswana Stock Exchange and the industry as a whole. The Association seeks to contribute to policy issues affecting the bond market, contribute to addressing and undertaking reforms supporting bond market development, speak with one voice and act as a lobby group for implementation of bond market development initiatives and to promote liquidity and broad based activity in the Botswana bond market. Botswana Bond Market Association was conceived in 2010 and officially registered with the Registrar of Societies in September 2013. The Association’s Secretariat is Botswana Stock Exchange (BSE). In 2010, the Association, through the input of bond market participants, compiled the Botswana Bond Market Development Strategy and the strategy has since been adopted by the BSE for implementation. Some of the initiatives already implemented by the BSE include the formulation of standard bond pricing formulae and bond market conventions that were completed in 2012 and the development of Botswana Bond Index Series (BBIS) comprising Government Bonds (GovI), Corporate Bonds (CorpI), Composite Fixed and the Composite Bond Index (BBI) which were launched in 2013.