Potentially higher return than that offered on traditional term deposits and saving accounts.
Wide range of investment tenors to fit investor appetite.
Highly liquid instruments with ease of entry and exit.
Virtually nonexistent credit risk as GOP Debt Securities are Government-backed.
Issued in the form of scripless bonds and maintained in custody by State Bank of Pakistan (SBP) with Standard Chartered Bank (Pakistan) Limited (SCBPL) acting as sub-custodian.
Transactions on a delivery versus payment (DVP) basis to ensure swift processing.
Minimum Investment Amount offered by SCBPL is PKR 1,000,000/-.
Long-term, coupon bearing instruments with semi-annual (six monthly) coupon payments.
Available maturities upto 10 Years.
Auction schedule and targets for fresh PIBs issuance announced by SBP on a quarterly basis.
Treasury Bills
Short-term, highly liquid zero-coupon Government Debt Instruments.
Sold at discount to face value.
Tenors upto 1 Year.
Auction conducted by SBP on a fortnightly basis.
Ijarah Sukuks
Shariah Compliant Bond Issued by the Pakistan Domestic Sukuk Company Limited, wholly owned by the Government of Pakistan (GoP).
Coupon based instruments with semi-annual profit payments, benchmarked to the latest weighted average yield of the 6 month T-Bill auction.
Maturity tenor is normally 3 years or as advised by SBP.
Investment Avenues
Securities can be bought through the following investment avenues.
Secondary Market Purchase / Sale
Possibility to buy and Sell securities on market based yields.
Instruments sourced from Secondary Market.
Wide variety of tenors available.
Ease of entry and exit – highly liquid market.
Non Competitive Bids (NCB)
Avenue to participate in the Primary auction for individual and small institutional investors.
NCB will be accepted at weighted average yield as per the current auction by SBP.
Bids to be submitted to SCBPL two days prior to the auction date.
Maximum size of non-competitive bids for an investor will be 0.25% of the pre-announced auction target or PKR 25.0M, whichever is higher (subject to availability of funds with SCBPL).
Submission of multiple bids in an auction in a single tenor would be treated as void.
Competitive Bidding
Investors can participate in the Auction through Competitive Bids.
Investors have the flexibility to decide the yield, where they would like to bid for the security.
No limit on participation amount (subject to availability of funds with SCBPL).
SBP can reject bids at their discretion and as a result customers bid may not be accepted.
Transaction Process
Existing SCB Customer
Customer interested in GOP Debt Securities will contact their respective Relationship or Branch Manager.
Customer Suitability Assessment
A suitability assessment will be conducted by your branch RM to ensure the desired investment is suitable, and in line with your investment goals.
IPS Account Opening Act
Customer will be provided with IPS account opening documents that will need to be filled, signed, and returned to the bank for IPS account opening.
Indicative Pricing / Quotation
Indicative rates to be provided to the customer according to tenure and amount invested.
Agreement to Indicative Pricing
Once agreed, customer will need to provide their acceptance to the Bank in a signed Deal Confirmation letter
Fund Arrangement
Customer will ensure relevant funds are present in their SCB account.
Purchase of Instrument
The investment amount will be debited from the customer account, and the instrument will be reflected in the customer's IPS account.
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The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
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