Jimplas-Capital Management

Jimplas-Capital Management

18-10-2022

03:21

OPENING A CSD ACCOUNT FOR YOUR INVESTMENT 1st step: Go to your local Bank branch and fill in the Central Securities Depository (CSD) account opening form. The prerequisite is to have a Bank account.

You must go with a valid National ID or Passport and one coloured passport photo for each signatory on the account.

2nd step: Once the CSD account is opened, then to invest in the Bank of Uganda Treasury Bill/Treasury Bond auction (Primary Market), you will be given a bid application form. This form will specify the following:

The CSD account number and title The amount of money you would like to bid/invest. The period/tenor of the security: Treasury bills (91-days, 182-days or 364-days); Treasury bonds (2-years, 3-years, 5-years, 10-years or 15-years)

The client account which Bank is to debit The client account which Bank is to debit Please note Primary Market auction is only open to clients bidding up to a maximum of UGX 200,000,000

3rd step (Secondary Market): Go to your local Bank branch and have them contact the Financial Markets Department. The client should have the following information on hand

The CSD account number and title The amount of money he/she would like to bid/invest. The tenor of the security: Treasury bills (91-days, 182-days or 364-days); Treasury bonds (2-years, 3-years, 5-years, 10-years or 15-years)

The client account which Centenary Bank is to debit The Financial Markets Department will then make the client an offer based on their requirements. The client fills in a purchase/sale confirmation form to conclude the transaction

All these steps are valid at your local banks with Centenary Bank, Stanbic bank, ABSA bank, HOUSING FINANCE BANK, UBAand all other available commercial banks Source: BOU



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