[quote=maka][quote=mamilli][quote=maka][quote=mamilli][quote=maka][quote=Speculz][quote=winmak]I opened a cds with cbk 2 years ago during the high yield rate but never got to bid successfully. Now I want to get back. Is there a penalty for dormancy?[/quote]

No penalty,just apply afresh to reactivate your account. Welcome to modernity.:-)
[/quote]

You have to visit CBK and re do the mandate form:-)

Sucks...and is a waste of time...[/quote]

You can also instruct your bank to bid on your behalf.Most banks charge a commission of 0.25% of the bid amount(min1500-5000max).I did this awhile back via cfcstanbic and the convinience is totally worth it.This doesn't require you to have an active CBK account btw.[/quote]

But why should i pay 0.25% when i can get the thing for free? Rather without charge...[/quote]

Keyword is CONVINIENCE,but i get your point.[/quote]

What happens when it comes to disposing...You hv to contact the bank?

What also happens in the unfortunate event the bank does an Imperial ?



[/quote]

[quote=mamilli][quote=Speculz][quote=maka][quote=mamilli][quote=maka][quote=mamilli][quote=maka][quote=Speculz][quote=winmak]I opened a cds with cbk 2 years ago during the high yield rate but never got to bid successfully. Now I want to get back. Is there a penalty for dormancy?[/quote]

No penalty,just apply afresh to reactivate your account. Welcome to modernity.:-)
[/quote]

You have to visit CBK and re do the mandate form:-)

Sucks...and is a waste of time...[/quote]

You can also instruct your bank to bid on your behalf.Most banks charge a commission of 0.25% of the bid amount(min1500-5000max).I did this awhile back via cfcstanbic and the convinience is totally worth it.This doesn't require you to have an active CBK account btw.[/quote]

But why should i pay 0.25% when i can get the thing for free? Rather without charge...[/quote]

Keyword is CONVINIENCE,but i get your point.[/quote]

What happens when it comes to disposing...You hv to contact the bank?

What also happens in the unfortunate event the bank does an Imperial ?



[/quote]
[/quote]

Valid questions,unfortunately i dont have concrete responses.
[/quote]

Don't be a biz unnecessarily!

[quote=Pesa Nane][quote=mamilli][quote=Speculz][quote=maka][quote=mamilli][quote=maka][quote=mamilli][quote=maka][quote=Speculz][quote=winmak]I opened a cds with cbk 2 years ago during the high yield rate but never got to bid successfully. Now I want to get back. Is there a penalty for dormancy?[/quote]

No penalty,just apply afresh to reactivate your account. Welcome to modernity.:-)
[/quote]

You have to visit CBK and re do the mandate form:-)

Sucks...and is a waste of time...[/quote]

You can also instruct your bank to bid on your behalf.Most banks charge a commission of 0.25% of the bid amount(min1500-5000max).I did this awhile back via cfcstanbic and the convinience is totally worth it.This doesn't require you to have an active CBK account btw.[/quote]

But why should i pay 0.25% when i can get the thing for free? Rather without charge...[/quote]

Keyword is CONVINIENCE,but i get your point.[/quote]

What happens when it comes to disposing...You hv to contact the bank?

What also happens in the unfortunate event the bank does an Imperial ?



[/quote]
[/quote]

Valid questions,unfortunately i dont have concrete responses.
[/quote]
This is no longer possible. It was a loophole/conduit for money launderers and got stopped in 2016.[/quote]



Tap sale extension...

Treasury in talks with IMF

[quote=Pure millioneare(PM)]I am selling a treasury bond in the secondary market.
For this I have to go through my broker who will source a buyer and agree on a price.
This looks abit kienyenji like batter trading unlike shares where trading is more automated.

Are there loopholes in this process? How is the settlement done after the bond is successfully sold?

[/quote]

Its DvP once the bond changes ownership...CBK will debit the account of the buyer and credit the account of the seller.

The process is basically this,

(1) You have gotten a bid on your offer...
(2) You fill the green CBK sale order forms + a cover letter for onward transmission to CBK.
(3) CBK calls you and asks about the specifics of the bond...
(4) The CBK guys avail the bond for the transaction...your broker trades it via Avento...He?She gets an order no (OPODSC) and ATS ID this are the 2 details needed for settlement.
(5) Buyers bond CDS account gets credited with the paper...while the bank account gets debited ...Sellers bank account gets credited with cash...bond CDS gets debited.

There is no loophole...