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Treasury Bills and Bonds
winmak
#781 Posted : Saturday, October 28, 2017 12:20:41 PM
Rank: Member


Joined: 12/1/2007
Posts: 537
Location: Nakuru
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?
For investors as a whole, returns decrease as motion increases ~ WB
winmak
#782 Posted : Saturday, October 28, 2017 12:22:15 PM
Rank: Member


Joined: 12/1/2007
Posts: 537
Location: Nakuru
Why the insistence on investors with ACTIVE CDS accounts?
For investors as a whole, returns decrease as motion increases ~ WB
Speculz
#783 Posted : Saturday, October 28, 2017 12:34:29 PM
Rank: Member


Joined: 5/6/2011
Posts: 391
Location: Nairobi
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile
"You can't have everything. Where would you put it?" - Stephen Wright
maka
#784 Posted : Saturday, October 28, 2017 4:55:04 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...
possunt quia posse videntur
winmak
#785 Posted : Saturday, October 28, 2017 6:47:43 PM
Rank: Member


Joined: 12/1/2007
Posts: 537
Location: Nakuru
Thanks a lot good people
For investors as a whole, returns decrease as motion increases ~ WB
maka
#786 Posted : Monday, October 30, 2017 9:14:36 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Morning everyone...

Sent the implied yields and yield curve for last week...
possunt quia posse videntur
mamilli
#787 Posted : Monday, October 30, 2017 9:33:13 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.
Never lose your position in a bull market,BTFD.
maka
#788 Posted : Monday, October 30, 2017 9:46:05 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


But why should i pay 0.25% when i can get the thing for free? Rather without charge...
possunt quia posse videntur
mamilli
#789 Posted : Monday, October 30, 2017 10:07:24 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.
Never lose your position in a bull market,BTFD.
maka
#790 Posted : Monday, October 30, 2017 10:15:53 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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




possunt quia posse videntur
mamilli
#791 Posted : Monday, October 30, 2017 10:33:17 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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






Elder,not quite sure about that.The scenario i have is when one holds a paper to maturity.Nonetheless any trading in this instance is through the bank,coz actually CBK "doesnt know you"
Never lose your position in a bull market,BTFD.
Speculz
#792 Posted : Monday, October 30, 2017 11:03:57 AM
Rank: Member


Joined: 5/6/2011
Posts: 391
Location: Nairobi
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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 ?




"You can't have everything. Where would you put it?" - Stephen Wright
mamilli
#793 Posted : Monday, October 30, 2017 11:28:13 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
Speculz wrote:
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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 ?






Valid questions,unfortunately i dont have concrete responses.
Never lose your position in a bull market,BTFD.
Taurrus
#794 Posted : Monday, October 30, 2017 12:26:44 PM
Rank: Member


Joined: 8/25/2015
Posts: 839
Location: Kite
mamilli wrote:
Speculz wrote:
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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 ?






Valid questions,unfortunately i dont have concrete responses.


Don't be a biz unnecessarily!
Pesa Nane
#795 Posted : Monday, October 30, 2017 12:31:34 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
mamilli wrote:
Speculz wrote:
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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 ?






Valid questions,unfortunately i dont have concrete responses.

This is no longer possible. It was a loophole/conduit for money launderers and got stopped in 2016.
Pesa Nane plans to be shilingi when he grows up.
maka
#796 Posted : Monday, October 30, 2017 2:18:41 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
mamilli wrote:
Speculz wrote:
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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 ?






Valid questions,unfortunately i dont have concrete responses.

This is no longer possible. It was a loophole/conduit for money launderers and got stopped in 2016.




Tap sale extension...
possunt quia posse videntur
maka
#797 Posted : Monday, November 06, 2017 11:22:39 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
Pesa Nane wrote:
mamilli wrote:
Speculz wrote:
maka wrote:
mamilli wrote:
maka wrote:
mamilli wrote:
maka wrote:
Speculz wrote:
winmak wrote:
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?


No penalty,just apply afresh to reactivate your account. Welcome to modernity.smile


You have to visit CBK and re do the mandate formsmile

Sucks...and is a waste of time...


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.


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


Keyword is CONVINIENCE,but i get your point.


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 ?






Valid questions,unfortunately i dont have concrete responses.

This is no longer possible. It was a loophole/conduit for money launderers and got stopped in 2016.




Tap sale extension...



possunt quia posse videntur
Ericsson
#798 Posted : Tuesday, November 07, 2017 8:23:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Treasury in talks with IMF
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Pure millioneare(PM)
#799 Posted : Tuesday, November 07, 2017 12:52:05 PM
Rank: Member


Joined: 11/1/2008
Posts: 38
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?

maka
#800 Posted : Tuesday, November 07, 2017 1:33:25 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pure millioneare(PM) wrote:
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?



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...
possunt quia posse videntur
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