Home>Investor Portfolio Securities Accounts(s)

Investor Portfolio Securities Accounts(s)

Citibank customers can invest in Government securities by filling out the IPS Account Opening form. After ensuring the completeness and accuracy of the form and supporting documentation, Citibank opens an IPS account with the State Bank of Pakistan on customer’s behalf.

The main types of Government securities that customers can invest through this account are:
Treasury Bills (T-Bills)

Treasury bills are zero coupon instruments issued by the Government of Pakistan and sold through the State Bank of Pakistan via fortnightly auctions. T-Bills are issued with maturities of 3-months, 6-months and 1 Year and are priced at a discount. T-Bills are risk free, SLR eligible securities that are actively traded in the secondary market and are therefore highly liquid.

They are issued with a minimum denomination of Rs.100, 000.
Pakistan Investment Bonds (PIBS)

PIBs are long term bonds issued by the Government of Pakistan and sold through the State Bank of Pakistan via periodic auctions. PIBs are issued with tenors of 3, 5, 7, 10, 15, 20 and 30 Years. Being backed by the Government of Pakistan, they present a low risk long term investment option. The Pakistan Investment Bonds offer a fixed semiannual coupon and repayment of principal at maturity. They are highly liquid SLR eligible securities that are actively traded in the secondary market.

The minimum denomination of PIBs is Rs.100, 000.
Ways of Investing in Government securities?

Citibank customers can invest in PIBs & T-Bills via:
  • Primary markets by participating in auctions. This is done placing competitive bids and / or non-competitive bids through Citibank
  • Secondary market by purchasing PIBs &T-Bills from the securities available with Citibank in its inventory
How to invest in Government securities?

After opening an IPS account with Citibank, Citibank customers can purchase and /or sell PIBs and T-Bills by filling out the Deal Request Form

   Type of Transaction

   Form
Account Opening form for IPS IPS Account Form
Purchase of PIBs / T-Bills in competitive bid through auctions (primary market) Deal Request Form - Auctions
Purchase of PIBs / T-Bills in non-competitive bid through auctions (primary market) Deal Request Form - Auctions
Purchase of PIBs / T-Bills from Citibank inventory (secondary market) Deal Request Form – Non Auctions
Selling of PIBs / T-Bills Deal Request Form – Non Auctions

For further details please visit any of our branches
Charges

   Item

   Charges
IPS Account opening charges PKR 1000
Transaction charges PKR 200 / transaction
Safe Keeping Charges / Stamp Duty / Legal Fee PKR 1000 per annum
Discalimer:
Citibank is not acting as an investment manager, nor as an investment, legal or tax advisor to the Client(s) and Citibank’s duty is solely to act as a custodian in accordance with the terms of this Agreement and execute transactions requested by the Client(s) in the manner set out in the applicable Terms & Conditions. Citibank shall not be obliged to sell or repurchase any Security which it may have previously sold to or acquired from the Client(s).
The Securities are subject to fluctuation in the current / face value, including possible loss of principal amount. Principal value of the Securities is not capital protected or insured by any entity including governmental agencies and are not bank deposits or obligations of or guaranteed by Citibank N.A, Citigroup Inc., or any of its affiliates or subsidiaries. Citibank, N.A. Pakistan will act solely as a Custodian of Securities and does not impart advice on the part of Citibank, N.A. Pakistan. The Securities have neither been developed, nor are recommended by Citibank, N.A. Pakistan.
The Client(s) must understand the nature of the transactions and the risks inherent in dealings in such Securities and that it should not rely on Citibank for any decisions regarding the transactions and shall use independent sources to obtain information and advice required to make such decisions.