The paper proposes that Zero Coupon Zero Principal (ZCZP) bonds will be excluded from BSDA eligibility calculations as they are non-tradable and hold no realizable value. It also propose that delisted securities will be treated like suspended securities and excluded, while illiquid securities will be valued at their last closing price. Reassessment of BSDA eligibility for all Beneficial Owners (BOs) will be conducted quarterly instead of tying it to varying billing cycles. The comments/ feedback from stakeholders are invited.
