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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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TheGeek wrote:Ebenyo wrote:Yesterday i went to CBK to open their cds account.I filled the mandate form after taking it to my bank for authentification.Afterwards,was told to wait for one week for email communication.
Why does it take long to open a cds with cbk?
When is the latest i could start investing in bonds?
Expect to wait 30-120days or @maka/mawinder can get you access to insiders who can process within a few days. Takes about 40days....reason....unknown. Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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bird_man wrote:TheGeek wrote:Ebenyo wrote:Yesterday i went to CBK to open their cds account.I filled the mandate form after taking it to my bank for authentification.Afterwards,was told to wait for one week for email communication.
Why does it take long to open a cds with cbk?
When is the latest i could start investing in bonds?
Expect to wait 30-120days or @maka/mawinder can get you access to insiders who can process within a few days. Takes about 40days....reason....unknown. Si just crap this are some of the things that need to be changed plus secondary trading for retailers....Hell on earth if you have not mastered it Utaumia... This month reopen of FXD3.2007.15 and FXD1.2008.20 https://www.centralbank....ry-bonds/#treasury_bondspossunt quia posse videntur
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Some time back,there was a rule that once you get a CBK CDS account,it has to be used during the next 12 months or else it lapses,i.e you loose it.Is this still the case?
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Chaka wrote:Some time back,there was a rule that once you get a CBK CDS account,it has to be used during the next 12 months or else it lapses,i.e you loose it.Is this still the case? Good Q,got mine 2013, is it still valid?
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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Taurrus wrote:Chaka wrote:Some time back,there was a rule that once you get a CBK CDS account,it has to be used during the next 12 months or else it lapses,i.e you loose it.Is this still the case? Good Q,got mine 2013, is it still valid? Short of walking to CBK and asking, emails are never answered. It would be great if they could automate most of this. "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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The short answer is that yes your CDS account expires if its dormant for 12 months i.e. no transaction and there is no balance. I had a contact in the debt team but she left. Speculz wrote:Taurrus wrote:Chaka wrote:Some time back,there was a rule that once you get a CBK CDS account,it has to be used during the next 12 months or else it lapses,i.e you loose it.Is this still the case? Good Q,got mine 2013, is it still valid? Short of walking to CBK and asking, emails are never answered. It would be great if they could automate most of this. Sehemu ndio nyumba
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Mainat wrote:The short answer is that yes your CDS account expires if its dormant for 12 months i.e. no transaction and there is no balance. I had a contact in the debt team but she left. Speculz wrote:Taurrus wrote:Chaka wrote:Some time back,there was a rule that once you get a CBK CDS account,it has to be used during the next 12 months or else it lapses,i.e you loose it.Is this still the case? Good Q,got mine 2013, is it still valid? Short of walking to CBK and asking, emails are never answered. It would be great if they could automate most of this. So if I have a 10 year Bond at CBK and and I dont do any trading within the period, my account will be active? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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Know what else would be nice, a till no or a paybill for Wanjikus like me Foresight..
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Yes Impunity wrote:Mainat wrote:The short answer is that yes your CDS account expires if its dormant for 12 months i.e. no transaction and there is no balance. I had a contact in the debt team but she left. Speculz wrote:Taurrus wrote:Chaka wrote:Some time back,there was a rule that once you get a CBK CDS account,it has to be used during the next 12 months or else it lapses,i.e you loose it.Is this still the case? Good Q,got mine 2013, is it still valid? Short of walking to CBK and asking, emails are never answered. It would be great if they could automate most of this. So if I have a 10 year Bond at CBK and and I dont do any trading within the period, my account will be active? Sehemu ndio nyumba
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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http://mobile.nation.co....448504-im1n6g/index.htmlIn the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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