Can I trade/sell Corporate Bonds?

Yes, corporate bonds can be sold in the secondary market, based on the prevailing market price.

Steps:

1. Download, fill out, and sign the Bond Order Form.
2. Complete the Trade Transfer Form (TTF)
3. Prepare your Authority to Purchase (ATP) and Confirmation of Sale (COS).
4. 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:

When sell order is executed, proceeds will be credited to your account after one (1) business day from sell date (T+1).