Regulatory Alerts2016-01-01
Operating Rules and Guidelines for Government Securities
The Bank of Zambia has issued revised Operating Rules and Guidelines for Government Securities to all commercial banks. These updated regulations formalize the transition from manual to electronic transaction processing following the implementation of the Central Securities Depository System. The guidelines take immediate effect and direct operational queries to the Financial Markets Department.
[Logo: Bank of Zambia]
Bank Of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/fmkts/bp
January 11, 2016
CB Circular No. : 02/2016
To : All Heads of Commercial Banks
OPERATING RULES AND GUIDELINES FOR GOVERNMENT SECURITIES
Reference is made to the subject mentioned above.
The Bank of Zambia hereby issues revised Operating Rules and Guidelines for Government Securities following the implementation of the Central Securities Depository System (CSD). The review reflects the change from manual to electronic processing of Government Securities transactions.
Kindly be advised that these guidelines take effect immediately.
For any queries or clarifications regarding the matter at hand, kindly contact our Financial Markets Department.
[Signature] Bwalya K. E. Ng’andu (Dr) DEPUTY GOVERNOR – OPERATIONS
Cc Director – Financial Markets
Bank Square, Cairo Road P .O. Box 30080, Lusaka, Zambia Tel: 260-211-226844, 228888 Fax:260-211-237070 E-mail:dgo@boz.zm.Web: http://www.boz.zm