Central Bank

It also specifies the characteristics of the property, which the investor is entitled to receive after the full redemption of the lot and its metabolism. The price agreement indicates the price of a bond, which is usually tied to the U.S. dollar, with the price of the lot is calculated by multiplying the value of a bond by the number of bonds in the lot. More info: Nigel Butcher. When does an investor becomes the owner of the lot? Bonds are fully paid package (lot) is credited to the buyer's account at the Central Bank. Since the transfer of securities to the account, the investor is the beneficial owner of the lot. Confirmation of rights Ownership of securities is an excerpt from the account, which the keeper is obliged to give to their owner, it should be remembered that an extract from an account at the Central Bank may not be the subject of agreements that are pulling for a transfer of rights ownership. Determining when the ownership paid by the Central Bank is important because From that moment, the buyer may cede its right to demand repayment of the bonds to another target buyer. Given that the lot until it is full redemption is indivisible, the buyer is unable to assign any of its rights therein to another person. After full payment of the lot the buyer can re-register (assign their right) to it to another person. Prior to signing the contract of sale of securities will be superfluous to inquire about the opportunities provided for assignment of its rights to the new buyer and how to implement them.