Can I trade/sell Corporate Bonds?
Yes, corporate bonds can be sold in the secondary market, based on the prevailing market price.
Steps:
- Download, fill out, and sign the Bond Order Form.
- Prepare your Authority to Purchase (ATP) and Confirmation of Sale (COS).
- Submit the above documents HERE.
Note: FirstMetroSec will send your request to the Philippine Depository & Trust Corp. (PDTC) for validation (takes 3-5 days). Once confirmed outstanding, you will receive an email with the indicative bid rate (yield-to-maturity or YTM) and amount. Sell order may only be executed once you reply with a confirmation to proceed.
Fees:
|
PDEX Transaction Fee |
0.0025% x Face Amount |
|
Transaction fee on remaining term |
Face Value x 0.02% x (Remaining Days/360) |
|
Broker’s Commission |
0.25% x Face Value |
When sell order is executed, proceeds will be credited to your account after one (1) business day from sell date (T+1).