Pls help I went to feel a form for treasurybill at Stanbic bank on Monday and d customer care told me dat my money wil be deducted on Thursday or Friday if d bid for 91days is successful but I checked my app dis morning and noticed d money as been moved from my main account to ledger,I only saw some amount dat may probably be d interest in d main account.pls is dis hw it's done cos I haven't received any messages or debit concerning d treasurybill.thks

feelamong:
Some basic terminologies frequently used in Treasury Bills:

OMO (Open Market Operations):
It is used either as an expansionary or as a contraction measure to control the amount of money in the financial system. When CBN buys from the OMO, funds are injected into the system in order to stimulate growth; while sale of OMO by CBN mops up excess funds from the system.

teejay5:
Pls help I went to feel a form for treasurybill at Stanbic bank on Monday and d customer care told me dat my money wil be deducted on Thursday or Friday if d bid for 91days is successful but I checked my app dis morning and noticed d money as been moved from my main account to ledger,I only saw some amount dat may probably be d interest in d main account.pls is dis hw it's done cos I haven't received any messages or debit concerning d treasurybill.thks

Yes most times it's like that. They have to restrict you from accessing the money. Till when everything is settled.

That way, you will no go and do another transaction like withdraw, purchase or transfer when you have already requested that they should use the money for investment. If it's not successful, it will be refunded after the auction and if successful, only your interest will be left.

Okay,thks alot

freeman67:



Yes most times it's like that. They have to restrict you from accessing the money. Till when everything is settled.

That way, you will no go and do another transaction like withdraw, purchase or transfer when you have already requested that they should use the money for investment. If it's not successful, it will be refunded after the auction and if successful, only your interest will be left.

What is today's rate?

Plus10:
What is today's rate?

Wait till evening when the result will be out.

What’s todays rate

carbon1224:
What’s todays rate

20.70% @365dsys

What of 91 days pls

Plus10:

20.70% @365dsys

Today's rate

[color=#006600][/color] please which bank have the best secondary market rate

Plus10:

20.70% @365dsys

Does anyone know basis of allotment?

David6956:
[color=#006600][/color] please which bank have the best secondary market rate

Secondary market rate for 350days is @24.73% Investment one

Message me.

David6956:
[color=#006600][/color] please which bank have the best secondary market rate

First bank is offering me 350 days at 19%. This offer is for today. Access bank say make i take 17%

Odunharry:

Secondary market rate for 350days is @24.73% Investment one

Message me.

He said bank.

Mpeace:
He said bank.

The koko is to get higher rates which in turn means higher interest

Mpeace:
First bank is offering me 350 days at 19%. This offer is for today. Access bank say make i take 17%

Access rate poor oo..

Shalom428:
Today's rate

Thata great

I put in a bid but yet to be debited. Has anyone with GTB been successful?

alezzy13:
I put in a bid but yet to be debited. Has anyone with GTB been successful?

My GTB branch told me only their 364 day auction was successful. Sad.

alezzy13:
I put in a bid but yet to be debited. Has anyone with GTB been successful?

Same o, let's hope it will before tomorrow morning

Good evening,pls I just noticed that the money as reflected back in my main account,does that means d 91days bide is not successful at Stanbic bank? Pls what else can I do.thks

teejay5:
Okay,thks alot

Good evening,pls I just noticed that the money as reflected back in my main account,does that means d 91days bide is not successful at Stanbic bank? Pls what else can I do.thks

freeman67:



Yes most times it's like that. They have to restrict you from accessing the money. Till when everything is settled.

That way, you will no go and do another transaction like withdraw, purchase or transfer when you have already requested that they should use the money for investment. If it's not successful, it will be refunded after the auction and if successful, only your interest will be left.

Plus10:

Same o, let's hope it will before tomorrow morning

Hope so too 🥺

Ojix85:


My GTB branch told me only their 364 day auction was successful. Sad.

I did that of 364. Usually by Thurs evening they would have debited, but nothing till now.

But I'm still hopeful

alezzy13:


I did that of 364. Usually by Thurs evening they would have debited, but nothing till now.

But I'm still hopeful

They said the debit will happen later today.

Rizin:

They said the debit will happen later today.

Ok

Pls based on the bond sell happening on Monday. Is it late to participate already like you have with TB.
And do investment houses like Meristem charge extra money if you wish to buy through them.If yes,like how much or percentage

Hello I also did the 354 days with GT Bank. This is Friday evening already. Any hope that I will be still be debited? @rizin and @alezzy13 have you guys been debited?

nihinlade:
Hello I also did the 354 days with GT Bank. This is Friday evening already. Any hope that I will be still be debited? @rizin and @alezzy13 have you guys been debited?

I don't really if the bid went through. The waiting is tiring I abeg.

nihinlade:
Hello I also did the 354 days with GT Bank. This is Friday evening already. Any hope that I will be still be debited? @rizin and @alezzy13 have you guys been debited?

Nothing o. Though my case is different. The guy in charge at my branch actually forgot to process the bids!!!. Yes o, na so I see am. He said he thought it was next week!! Was very pissed 😡😡 no one at my branch was successful 🥺

However I thought someone earlier said GT was successful for 365 days?

Plus10:

I don't really if the bid went through. The waiting is tiring I abeg.

Hmm. If by now there is no debit then it's unlikely it went through. In my years of bidding with GT, debit usually occurs Thurs at most Friday morning, unless there is a holiday

First bank also did 363 days at 19.3% today.
I guess its from the last primary market auction.