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something is clearly underfoot. what @thedeal calls nazi accounting

when Ekwite bank decides to convert mtm to htm and they have to sell & buy back at prevailing prices..there must be some form of market manipulation

@Obi 1 Kanobi, a question for my understanding...
Is it right to presume a book loss is realised on the sale? And what price would the buy-back be effected at assuming the transaction only involves one party?

If a buy-back is required for reclassification, how do they manage to hide the loss?

Thanks

@Digitek If Member went 100% mtm the losses would have been huge probably the worst in the banks history, so they had no option other than to engage in sell and buy back practises...what remained is 15% that's what they marked mtm...now i see NBK still had that Sh9.3 Bln bond at H1 classified as held for trading purpose unless they also engaged in Nazi accounting procedures of sell and buy back they have to mtm that bond and their profits will take a hit but in the story the CEO has said it has reclassified the bond as htm no wonder the stock has been moving off late...insiders knew aulready in that case NBK might suprise with their 3Q results...the manager was right and he is just a victim of the CEO's incompetence...Kenyan banks operate with impunity its time CBK reigned into them.