fixed interest securitiesno advice in writing is

Question

Fixed Interest Securities

No advice in writing is required before an investment in fixed interest securities is made.

1. Government Securities.
2. Treasury Bills.
3. Fixed interest securities guaranteed by the Government.
4. Fixed interest securities quoted on the Nairobi Stock Exchange issued by a company incorporated which has a paid-up capital of not less than Shs10m and which has paid a dividend in each of the preceding 5 years.
5. Fixed interest securities issued by Railways or the Industrial Development Bank.
6. Local Authority loans.
7. A deposit, whether fixed term or otherwise, with a bank or financial institution, building society or the Kenya Post Office Savings Bank.
8. Mortgages of freehold property or leasehold property having not less than 40 years unexpired.