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Central Bank of Samoa Securities
A Central Bank of Samoa security is a short-term financial instrument, in much the same way that a bank deposit is a financial instrument. As with other financial instruments, there are two parties involved - the issuer, who is raising funds, and the investor. In this case, the Central Bank of Samoa is the issuer and raises funds by issuing the security, and the investors are those who purchase the security.

When the Central Bank receives the funds, it issues the investor with a certificate of title which acts as a receipt and evidence of ownership. This certificate is the actual security. It states how much has been invested, when the investment matures and how much the Central Bank will pay back when the investment matures. Repayment is guaranteed by the Central Bank of Samoa.

The securities are issued in accordance with the Prospectus for Central Bank of Samoa securities. The Prospectus is a legal document which stipulates the features of the securities and how the securities must be issued. This type of document protects the integrity of the tender, thereby protecting the interests of the investors.
CBS Securities Prospectus
These documents have been prepared for those resident financial entities, companies and individual members of the Samoan public, who are interested in becoming potential investors of CBS securities. All interested investors must register as bidders before they can participate in the tender for CBS securities. The CBS securities Prospectus gives an outline of the criteria potential investors need to meet to be accepted as registered bidders.
CBS Securities Operational Guidelines

These documents have been prepared for those resident financial entities, companies and individual members of the Samoan public, who are interested in becoming potential investors of CBS securities. All interested investors must register as bidders before they can participate in the tender for CBS securities. The CBS securities Prospectus gives an outline of the criteria potential investors need to meet to be accepted as registered bidders.
CBS Securities Tender Invitations
The Financial Markets Department Liquidity forecasts determine the tenders to be held each week. Once FMD has finalized the tender details, an invitation to tender for CBS securities is published in the local newspapers and CBS website. The invitation outlines the CBS securities and amounts offered. It also states the closing date for tenders and the date CBS securities will be issued.
CBS Securities Tender Results
As a standard procedure, after tender bids for CBS securities have been finalised. The results are published in the local papers and CBS website. The results enlist all the amounts tendered and accepted as well as weighted average yields for each individual CBS securities offered.

Disclaimer: While every effort is made to ensure that information published on the Central Bank's website is accurate, no liability is accepted for errors or omissions. Please contact us at centralbank@cbs.gov.ws before acting on the basis of the information provided.