Please
refer to FSCD Circular No. 01 dated Jan 14, 2010 regarding
the captioned subject
It
has been observed that some Primary Dealers are not
following the format/procedure prescribed for submission
of Non-competitive bids to the State Bank of Pakistan.
PD’s are therefore advised to ensure meticulous
compliance of the following instructions while submitting
their Non Competitive Bids:
a)
All bids must invariably be addressed to the Director,
Domestic Markets & Monetary Management Department,
State Bank of Pakistan.
b)
Keeping in view the confidentiality of the Bid document,
the bids must only be faxed at the designated fax
numbers which are 021- 99212476 & 99212477 (Dealing
Room lines) and 021-99212416 Director, DMMD (Back-up
line).
Any
Non Competitive Bid not complying with the above instructions
will be rejected without any prior notice. It is further
clarified that the price of Non-Competitive Bids accepted
at weighted average yield is rounded off to two decimal
places.