Dematerialisation date for Treasury Bills

The dematerialisation date for Treasury Bills is April 2.

On that day, the Treasury Bill instrument will be officially listed on the Malta Stock Exchange.

As a result of such listing, all outstanding Treasury Bill certificates will cease to be negotiable in the secondary market, one business day prior to dematerialisation date (that is March 30).

As from the dematerialisation date, only Treasury Bills that are in electronic book entry form (that is, that are duly registered in the Central Securities Depository of the Stock Exchange) will be eligible for trading in the secondary market, the government said yesterday.

Accordingly, holders of Treasury Bill certificates are requested to surrender such certificates to the Treasury Department by not later than March 29 so that their holdings will be duly recorded in the Central Securities Depository.

In this regard, the Treasury Department will be receiving Treasury Bill certificates between Monday and March 29 between 8 a.m. and noon. Treasury Bill holders will be given a receipt in lieu of the certificate that will serve as evidence of title to the relative Treasury Bill until such time as a Registration Advice is issued by the Stock Exchange.

If investors wish to sell a part or the whole of their Treasury Bills during this transitionary period, they are to contact the Treasury Department on 2596 7139/2596 7141 for more information.