freeman67:


You are supposed to get N119,036 pre-charges. Whatever is missed I guess is consumed by the charges.

N130,000 pre charges would have been your interest only if you invested for the whole 364days. But now about 61days is already gone so you won't get that.

NOTE: Devoting time to read just the first 15-20 Pages of this thread would make even someone that is just stumbling on this thread today not to ask some certain questions..

Tell them o

Moses247:
Good evening fellas. I bought T. B of 1.3m yesterday at first bank for 303days at the rate of 11%, but what I don't understand is this. 117k was credited to Me as interest?? I was thinking of 130k or so? Abeg someone should make me understand Thank u

PRT=S.I. * 100
1300000*0.11*303/364=S.I
S.I. = 119,036 or 118,709 if you used 365 for number of days.
U can take away bank charges. Correct me if am wrong. Thanks

sammily:


The interest you received is about right as shown in the screenshot of the excel TB calculator below;

Can you please send this excel to me, godanie3@gmail.com, Thanks

sammily:


The interest you received is about right as shown in the screenshot of the excel TB calculator below;

Please kindly send me the Excel TB calculator. My email is urchogugua@gmail.com. Thanks

Barrytone:


Can you please send this excel to me, godanie3@gmail.com, Thanks

See attached... Edit only the Yellow cells for the option you need.

sammily:


See attached... Edit only the Yellow cells for the option you need.

Thanks

sammily:


See attached... Edit only the Yellow cells for the option you need.

Yet to receive

Please what do you mean? I was told Argentina offers 60% interest and that made me began considering investing in Argentina's tbills or bonds or whatever would give me 60% lol. Are you saying maybe I should reconsider investing in Argentina?

ahiboilandgas:
we pray so....agentina is about to default ....nigeria need good leaders oooh

Barrytone:


Yet to receive

FYI

sammily:


See attached... Edit only the Yellow cells for the option you need.

BOSS, Morning sir, double tuale for you on this excel TB calculator. May God continue to enrich you with wisdom while you will always smiling to the bank in return. To all my BOSSES in the house, in my capacity as the junior boy in the class and with the permissions of all my ogas at the top here i declared that going forward we should adopt this TB calculator brought by my oga SAMMILY so as to reduce the question of pls calculate for me all the time.

CC:Finance minister
CBN Gov
DG SEC
BANK CEOs
All my ogas

T-Bills Yields Drop as Lending Rates Increase
https://www.businesspost.ng/2018/09/06/t-bills-yields-drop-as-lending-rates-increase/

...

@sammily: your attached template works perfectly well for GTB as it gives one the exact upfronts with all applicable charges. But it does not work exact for First Bank, I have tried it severally but it doesn't work, it only give your an idea though.

Please does any one the template for First Bank?

Moses247:
Good evening fellas. I bought T. B of 1.3m yesterday at first bank for 303days at the rate of 11%, but what I don't understand is this. 117k was credited to Me as interest?? I was thinking of 130k or so? Abeg someone should make me understand Thank u

Iam looking for above 300 days tenor like this. Went late to Stanbic yesterday but could only see 57 and 67 days. Will try again this morning. If no show, na to wait for primary market then.

yinkaoke:
@sammily: your attached template works perfectly well for GTB as it gives one the exact upfronts with all applicable charges. But it does not work exact for First Bank, I have tried it severally but it doesn't work, it only give your an idea though.

Please does any one the template for First Bank?

You can get it mathematically yourself without the help of any calculator....
After using the simple interest maxim-theorem..,
Proceed further with taking notes of the percentages of all the charges incurred i.e Custodian fee,VAT,Transfer fee....etc
Then deduct it from the interest......It will give you your actual interest...
I noticed GTBANK has stopped deducting Tranfer fee on TB.....
They deducted only Custodian fee and VAT charges on my last TB Secondary markets bids.

sammily:


FYI

GOT IT, THANKS ONCE AGAIN

sammily:


The interest you received is about right as shown in the screenshot of the excel TB calculator below;

Pls I need it Hamthablow007@yahoo.com

sammily:


The interest you received is about right as shown in the screenshot of the excel TB calculator below;

Hello , could you please share this TB calculator for us to download?
You can attach it here on nairaland if it's less than 250kb or upload on Dropbox and share the link . Thanks

Modified**

Just seen where you uploaded it up there . Thanks its helpful

yinkaoke:
@sammily: your attached template works perfectly well for GTB as it gives one the exact upfronts with all applicable charges. But it does not work exact for First Bank, I have tried it severally but it doesn't work, it only give your an idea though.

Please does any one the template for First Bank?

Some banks have different service charges thus will not be accurate with the template but you should get something very similar. Better yet, if you know the charges, as stated on the TB certificate, just deduct from the calculated interest generated and you will get the exact net interest.

Kemade2007:



Go before 3pm o because market closes around 12pm or 1pm. It opens 10am

Including Stanbic IBTC ?

TONY56:



CORRECTION!!!
Please not that I erroneously refereed to UBA as the bank that charges 25% penalty for premature termination of Treasury Bills instead of UNION BANK.

I have consequently modified the post as you're seeing above. Thanks for your understanding.

I thought we had seen someone here who said Gtb charges same 25% penalty?

I got 11% for 133days. FIRST Bank.

janga:
who even investing 100k in tbills, its better to use that money to start a good profitable bussiness.
tbill are only good for those investing in million, 5-50millions wetin i know self, let me come and be going

Please tell us some good profitable businesses you can start with 100,000 Naira.

T-Bills Contributes 40.40% to FDMQ N99.5tr Turnover in 7 months
https://www.businesspost.ng/2018/09/06/t-bills-contributes-40-40-to-fdmq-n99-5tr-turnover-in-7-months/

janga:
got my tenor matured today and my yesteday bid for 182days was successfully debited. Gtbank is like fastest for me in this tbills.
Well i submitted my application via emailing my account official and no need of roaming in the Bank like a lazy youth

You invested about 7 million?

Big man lol

NobodyKnows:

You dy mind the idiot .
Like those of us doing TBills with the 100k don’t know what they’re doing .

BOSS am sure we are all mature here, no need of insult and is not every comments here you respond to. I also think everyone is entitle to his opinion. on stock exchange thread, i had commented that i wish stocks should keep falling till it gets to my final destination and some one said thunder fire me, i dont need to insult him back. That is my opinion and he is also entitle to whatever he likes to say. So pls my oga no need of insult.

Partnerbiz:


You invested about 7 million?

Big man lol

No, well we can never share our financial information in public forum like Nairaland

janga:


No, well we can never share our financial information in public forum like Nairaland

Did you share?
I wasn't asking you.
I was telling you.

I know.

Partnerbiz:


Did you share?
I wasn't asking you.
I was telling you.

I know.

but you were wrong, i didn’t invest 7mill with that charges

Barrytone:


Can you please send this excel to me, godanie3@gmail.com, Thanks

Please send it to nnamdiumahi@yahoo.com as well �

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