The Central Bank of Kenya (CBK) has introduced the DhowCSD platform, an innovative online platform that allows individuals to trade in treasury bills and bonds.
This user-friendly platform is designed to enhance financial stability and promote diaspora investments in Kenya.
This article provides a comprehensive, step-by-step guide on how to trade with the DhowCSD platform.
- Access the DhowCSD Platform: Visit the official DhowCSD website or download the app from the Google Play Store or App Store. These platforms provide easy access to the DhowCSD trading platform.
- Register for an Account: Sign up for a DhowCSD account using your KRA PIN, bank account number, and scanned copies of your identification cards, KRA PIN Certificate, and Client Photo.
- Verify Your Account: After registration, your account will undergo a verification process. Once verified, you can log in to your DhowCSD account.
- Fund Your Account: Link your bank account to your DhowCSD account and transfer funds. This will enable you to trade in treasury bills and bonds.
- Explore Available Securities: The DhowCSD platform provides real-time information on available treasury bills and bonds. Choose securities that align with your investment goals.
- Place Your Order: After selecting the securities you wish to purchase, place your order on the DhowCSD platform. Ensure you have sufficient funds in your account to cover the investment amount.
- Monitor Your Investments: The DhowCSD platform allows you to keep track of your investments, providing updates on interest payments and maturity dates.
- Sell or Hold Your Investments: You can choose to sell your securities before maturity through the DhowCSD platform or hold them until maturity to receive full interest payments.
- Stay Informed: Stay updated on market trends and news related to treasury bills and bonds. The DhowCSD platform provides educational resources and market insights to help you make informed investment decisions.
The DhowCSD platform offers a convenient and user-friendly way to invest in government securities.
Support us by following us on Google News to ensure you don’t miss out on any future updates.
Send comments, press releases, tips, and guest posts to email@example.com.