Regulatory Alerts2022-01-01
CB Circular No. 05/2022 - External Operating Rules and Guidelines for Government Securities
The Bank of Zambia issued revised external operating rules and guidelines for government securities to enhance market operations. The circular updates bidding thresholds, introduces a submission cut-off for account openings to improve auction day efficiency, and reinstates penalties for late settlement. It also expands secondary market trading procedures and aligns rediscounting provisions with the updated thresholds, officially replacing previous guidelines.
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