SBP invites applications for appointment of primary dealers


The State Bank of Pakistan (SBP) has invited applications from interested financial institutions for appointment as Primary Dealers (PDs) of Government Securities i.e. Pakistan Investment Bonds (PIBs) and Market Treasury Bills (TBs) for the year 2012-13.
Applications, addressed to the Director, Domestic Markets & Monetary Management Department, must reach the State Bank of Pakistan, Karachi latest by close of business on June 14, 2012.
Applicants have been requested to furnish the latest annual report, summary of month-wise secondary market transactions in PIBs and MTBs from July 1, 2011 to June 08, 2012, detail of Investor’s Portfolio of Securities (IPS) Accounts and the latest schedule of charges for Investor’s Portfolio of Securities (IPS) Account along with the application, says DMMD Circular No.08 of May 14, 2012.
Existing Primary Dealers (PDs) should provide month-wise summary of secondary market transactions, with other PDs, in PIBs and MTBs, concluded on Electronic Bond Trading System (EBND) during January 01, 2012 to June 08, 2012, the Circular added.