Regulatory Alerts2001-01-01
CB Circular 18/2001: Re-admittance of Individuals and Corporate Entities to Primary Auctions of Treasury Bills and Government Bonds
The Bank of Zambia issued Circular 18/2001 to permit individuals and corporate entities to participate directly in primary auctions for Treasury bills and government bonds effective April 2001. All transaction settlements must be processed through the participants' designated commercial banks' current accounts at the central bank, requiring a signed authorization form to permit direct debits. Participants must also submit a separate instruction form to specify the commercial bank for receiving maturity and interest proceeds, and are required to use the same institution for both settlement and payout.
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