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980915
STATE BANK CIRCULARS RELATING TO SECURITIES
SD Circular No. 08
15th September, 1998
Guidelines for Issue and Trade of Special U.S. Dollar Bonds
Please refer to Securities Department Circulars
Nos. 06 and Nos. 07 dated 4th and 27th August, 1998 respectively. All Authorised Dealers are advised to follow the following guidelines, in addition to instructions contained in above mentioned Circulars.
1. Each 'Office of Issue' is required to get an application form filled by every purchaser of Special U.S. Dollar Bond. Specimen of application form is given below. Photocopies of this form may be used. In case an earlier sale has been made either through issue of temporary receipt or original bond, corresponding application forms can be got filled by the purchasers when they come back, either to exchange their receipts with bonds or collect their Coupon Books (to be shortly supplied to Authorised Dealers). These forms should be retained by the offices of issue along with other necessary records involved with the issue of these Bonds.
2. Residency status of the Bonds issued will be determined by the corresponding residency status of foreign currency account, against which the Bond was originally issued. The status of a foreign currency account cannot be changed from 'resident' to 'non-resident', in line with para (ix) of F.E. Circular No. 17 dated the 6th June, 1998.
3. Offices of issue are required to stamp the Bonds as resident' or 'Non-Resident', as the case may be, on the upper right hand corner of the Bond, in black ink. Status of the Bond will remain unchanged throughout its maturity period.
4. Transfer of the Bonds can be effected only through those 'Offices of Issue' from which Bonds were originally issued and registered. An application for transfer of Special U.S. Dollar Bond has to be got filled by the respective office of Issue both by transferor and transferee. Specimen of form of application for Transfer of Special U.S. Dollar Bond from one person to another person is given below. Photocopies of this form may be used. These forms should be maintained by the offices of issue alongwith other necessary information involved with the transfer of Bonds.
5. Authorised Dealers are advised to report daily, the composition of issue in terms of 'Resident' and 'Non-Resident' in the Form USDB-1A to Chief Manager, State Bank of Pakistan, Karachi/Lahore. This is in addition to the report in the Form USDB-1 already required to be submitted daily. Specimen of USDB-1A is given below.
6. Authorised dealers are requested to approach Securities Department, State Bank of Pakistan for removal of any difficulty, which they are encountering in the issue of these bonds.
APPLICATION FOR PURCHASE OF SPECIAL U.S. DOLLAR BONDS (SUSDBs)
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(To be completed by the Applicant)
NAME(S) & ADDRESS OF PURCHASER(S)
1.------------------------------------------
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National Identity Card No:
(Please attach copy of NIC or a photo copy of Passport on the case of Foreign National) |
MODE OF PAYMENT
Foreign Currency Account/COI No. ------
Residence status of FCA/COI--------------
Cheque No./Date.-------------------------
Bank:--------------------------------------
Branch:------------------------------------
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2.--------------------------------------------------------------------------------------
National Identity Car No:
(Please attach copy of NIC or a photo copy of Passport in the case of Foreign National) |
Total (in U.S. Dollars)------------------------
SINGLE/JOINT
Joint ‘A’:- Payable to holders jointly or to either with written consent of the other |
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FOR COMPANIES/FIRMS
Name of Company/Firm------------------ |
Joint ‘B’:- Payable to either
*strike out whichever is not applicable
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NOMINATION
In the event of my/our death, I/we nominate the following to receive the value of the Special U.S. Dollar Bonds
Name & Address Share
1.------------------------------------------
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2.------------------------------------------
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3.------------------------------------------
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Signature (s)
of Purchaser(s)------------- -------------- |
I, we hereby agree to abide by the rules applicable for Special U.S. Dollar Bonds Purchased.
SIGNATURE (S)
of
Purchaser(s)---------------------------
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Receeived Special U.S. Dollar Bonds mentioned below.
SIGNATURE
of purchaser/Agent/Messenger------------
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FACE VALUE |
NO. OF SPECIAL U.S. DOLLARS BONDS REQUIRED |
TOTAL FOR VALUE U.S. DOLLAR |
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U.S.$ 100/- |
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U.S.$ 1,000/- |
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U.S.$ 10,000/- |
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U.S.$ 100,000/- |
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Total Number of SUSDB(s) |
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(Grand Total U.S.$) |
TO BE COMPLETED BY THE OFFICE OF ISSUE
Registered No.--------------------
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Serial No. Of Special U.S. Dollar Bonds Issued |
Face Value
(U.S. Dollars) |
Date Of Encashment & Initials Of The Issuing Authority |
Payment Of Profit On Special U.S. Dollar Bond And Every Change Affecting It Such As Transfer, Issue Of Declaration In Lieu In Case Of Lost Bonds Etc. Should Be Noted Hereunder And Initiated By The Issuing Authority* |
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*Separate sheet can be used if needed.
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DATE--------------------- |
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SIGNATURE OF ISSUING AUTHORITY |
APPLICATION FOR TRANSFER OF SPECIAL U.S. DOLLAR BONDS (SUSDBs) FORM ONE PERSON TO ANOTHER PERSON
Date of Original application for purchase of SUSDB(s)----------
Original Registration No.--------------------------------------------
I/We------------------------------------------the holder(s) of the undermentioned Special U.S. Dollar Bond(s) request you to transfer these SUSDB(s) to Mr./Miss/Mrs.--------------------------I/We hereby declare that on the transfer of said SUSDB(s) to Mr. Miss/Mrs.------------------------------in accordance with the Rules applicable for Special U.S. Dollar Bonds.
I/We relinquish all claim to them.
PARTICULARS OF THE SPECIAL U.S. DOLLAR BONDS TO BE TRANSFERRED
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Date of Issue |
S.No. of SUSDB(s) |
Residency Status |
Denomination (US$) |
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Total No. of Bank(s)
Name of Transferee(s)--------------------- |
Total Value U.S. $-------------------------
(U.S. Dollars-------------------------------
Name of Transferor(s)--------------------- |
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Signature of Transferee(s) of SUSDB(s)
N.I.C. No.-------------------
(Please attach Copy of NIC or a photo copy of Passport in the case of Foreign National.) |
Signature of Transferor(s) of SUSDB(s)
N.I.C. No.-----------------------
(Please attach Copy of NIC or a photo copy of Passport in the case of Foreign National) |
DECLARATION BY TRANSFEREE(S)
I/We agree to abide by the Rules applicable for Special U.S. Dollar Bonds.
NOMINATION BY THE TRANSFEREE(S)
In the event of my/out death I/We nominate the following Person(s) to receive the share stated against each name.
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Name and Address |
Share |
Name and Address |
Share |
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1.------------------------------------------
3.----------------------------------------- |
2.------------------------------------------
4.------------------------------------------ |
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Signature of Transferee(s) |
The Transfer of above-mentioned Special U.S. Dollar Bonds is accepted and the same delivered to the Transferee(s).
New Registration No. allotted--------------------------
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Signature of IInd Officer
(Name & Designation) |
Signature of IInd Officer Incharge
(Name & Designation) |
N.B. ‘Office of Issue’ will attach, in a separate sheet, all relevant information regarding transfer transactions.
USDB-1A
DAILY COMPOSITION STATEMENT OF ISSUES OF SPECIAL U.S. DOLLAR BONDS AS ON-----------
BANK-----------------Code:
BRANCH--------------Code:
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Name of FCA Holder |
Balance in FCA as on-----
(Before Issue) |
Value of Special U.S. Dollar Bonds Composed into Resident/Non-Resident |
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$100 |
$1,000 |
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Resident |
Non-Resident |
Resident |
Non-Resident |
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Continued
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Value of Special U.S. Dollar Bonds Composed into Resident/Non-Resident |
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$10,00 |
$100,000 |
Total |
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Resident |
Non-Resident |
Resident |
Non-Resident |
Resident |
Non-Resident |
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