Iraqi securities
28 No permissions are necessary for transfers of securities issued by residents of Iraq except when a person subject to the directions is required, by order given by or on behalf of a resident of Iraq, to part with any such security or to make any change in the persons to whose order any such security is to be held.
29 Applications should be made to the Bank of England for any permission needed by paying agents in the United Kingdom for Iraqi securities to make interest, dividend or redemption payments on, or to buy in, such securities.
Pre-zero transactions
30 Any necessary permissions are hereby given for any bargains entered into in the money, foreign exchange, commodities (other than physical oil) and securities markets, including derivatives, or any payment instructions received for immediate execution, involving Iraqi counterparties, prior to 4.30 p.m. BST (3.30 p.m. GMT) on 4 August 1990, to be completed.
Oil
31 Permission is hereby given for payments to be made by debit of an "Iraqi Account" for shipments of oil, provided the necessary import licence and evidence of shipment are exhibited.
Application and enquiries
32 Application should be made to the Bank of England in respect of any transaction
which is not covered by the permissions given in this Notice.
33 Applications for permissions should be addressed to the Bank of England, Threadneedle Street, London, EC2R 8AH, and marked for the attention of the Iraq and Kuwait Emergency Unit (IKEU). Applications may also be made by facsimile transmission (071-601 4309).
34 Telephone enquiries may be made to 071-601 3250/3309/3764/3848/4768/5463.
Bank of England 7 August 1990
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