CB Circular 18/2001: Re-admittance of Individuals and Corporate Entities to Primary Auctions of Treasury Bills and Government Bonds

: r-',o, Tel. 228888/228903-20 BANK OF ZAMBIA POBox 30080 Lusaka 10101 r-' f : 12 April 2001 {- CB Circular No. 18/2001 To: All Commercial Banks and Authorised Dealers .. , ~ : Dear Sirs/Madams i:;; (' RE-ADMITTANCE OF INDIVIDUALS AND CORPORATE ENTITES TO THE : PRIMARY AUCTIONS OF TREASURY BILLS AND GOVERNMENT BONDS ,. r , Bank of Zambia wishes to advise that with effect from Tender no. 17/2001 for Treasury l: bills and Auction no. 5/2001 for Government Bonds to be held on 19th April 2001 and 20th April 2001 respectively, individuals and corporate entities will be allowed to participate directly in the primary auctions at Bank of Zambia. Settlement of all Treasury bill and Government Bond transactions, that is, the cost plus Bank of Zambia handling fees for individuals will be done through the respective commercial banks' current accounts at the Bank of Zambia. The individual's/corporate entities commercial bank will be required to authorize the Bank of Zambia to debit its ~:c, account on behalf of the individuals/corporate entities by completing and duly signing i form BOZ-ST-FORM-G. Kindly put in place appropriate measure to facilitate t settlement of individuals/corporate entities government securities transactions through r- your current accounts held at the Bank of Zambia. Individuals/corporate entities will advise the Bank of Zambia of the commercial bank to be credited with the maturity/interest proceeds. The instruction as to which commercial ; bank to credit the maturity/interest proceeds for an individual will be sent to the Bank of Zambia on form BOZ-ST-FORM-M. A copy of the instruction will also be submitted to f:" the respective commercial bank. Please note that individuals/corporate entities shall l use the same commercial bank for settlement and maturity/interest proceeds. f'; Yours faithfully ~ Dr. Abraham Mwenda ~' DEPUTY GOVERNOR -OPERATIONS