All Banks/DFIs/Investment Banks/Listed Brokerage Houses

Dear Sir/Madam,

PRIMARY DEALER SELECTION FOR THE YEAR 2012-13

Applications are invited from interested financial institutions for appointment as Primary Dealer of Government Securities (i.e. Pakistan Investment Bonds and Market Treasury Bills) for the year 2012-13. For this purpose, EDMD Circular No. 11 dated August 27, 2005 and FSCD circular no. 07 dated June 06, 2009 regarding selection criteria and rules governing Primary Dealer system and any subsequent changes may be referred. Applicants are requested to furnish the following information along with the application:

1. Latest Annual Report.
2. Summary of month-wise Secondary Market Transactions in PIBs and MTBs from July 1, 2011 to June 08, 2012 as per format attached as Annexure-A.
3. Detail of Investor’s Portfolio of Securities (IPS) Accounts as per format attached as Annexure-B
4. Latest Schedule of Charges for Investor’s Portfolio of Securities (IPS) Account.
5. Existing Primary Dealers should provide month-wise summary of secondary market transactions, with other PDs, in PIBs and MTBs, concluded on EBND (Electronic Bond Trading System) during the period from January 01, 2012 to June 08, 2012 as per format attached as Annexure-C.

Applications, addressed to The Director- Domestic Markets & Monetary Management Department, must reach to State Bank of Pakistan, Karachi latest by close of business on June 14, 2012.