Ownership transfer of this bond must be done by registration. This bond has no interest coupons attached. Interest is paid by depositing fund into deposit account specified by the person whose name appears on the bond. The registrar will issue a receipt to the inscribed bond owner. Ownership transfer must be done by submitting a letter to inform the registrar.
Interest is paid by depositing fund into account specified by the inscribed bond owner.
Instead it is paid at maturity and cumulatively calculated twice a year. As a collateral such as a collateral for contracts made with government agencies, electricity consumption, job employment, overdraft loan, etc. As a bail to a court or police station, etc. Buyers and sellers can either trade bonds among themselves or with financial institutions. Registering the name of bond owner Legally, the name of bond owner is classified into two types, i.e., person and juristic person.