T-bill subscribers may extend their financing to the State for 11 years
The Central Bank (BDL) issued a notification allowing subscribers to Treasury-bills before 2006 to cash their matured yields in their bank accounts.
Subscribers should submit to BDL, or any of its branches, the original copy of the subscription certificate to the T-bills, an identity card, a family extract record, or a military card (for those legally allowed to hold such card), the original copy or true certified copy of a proxy by the notary public, including the necessary powers (in case the subscriber submitted documents to BDL through an agent).
Subscribers should also submit a statement including the IBAN number of the account opened in the name of the subscriber with any bank operating in the country (in case the subscription is on an individual basis), and a statement including the IBAN number of an account opened with one or more people with any bank operating in the country (in case of joint subscription between more than one person).
If the subscriber does not submit these documents, he must subscribe one additional time to the 12-month T-bills after the issuance of this notification, BDL said.
After the maturity of the latest subscription in renewed T-bills, BDL will transfer their value to an account without interest to be opened at BDL and be subject to the provisions of foreclosure.
Reported by Leila Rahbani
Date Posted: Jul 30, 2015