2009-01-29

Banking Circular No 1 of 2009 - Confirmation of secondary trading transactions for government securities

The Central Bank of Kenya has issued a banking circular to confirm secondary trading transactions of government securities by commercial banks, bank nominees, clients, and custodial CDS accounts. All parties are now required to submit SWIFT message type MT599 (FreeFormatMessage) after completing the physical forms for these transactions. This update aims to increase efficiency and safety in these processes while working towards full automation of government securities transactions. Any queries or clarifications should be directed to the Director, Monetary Operations and Debt Management Department.

Kenya

Central Bank of Kenya

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