I have applied for tb in Fcmb. I was told that i will be debited on Thursday which was 31st of January. Till today i have not been debited. Wetin dey happen

I was also told that treasury bills rate dropped this period

Chykes4micheal:
I was also told that treasury bills rate dropped this period

Odd. Forecast was for highrr TB rates. Stable 15%. Thats what I'm actually waiting for . after elections in February

234ng44uk:
Please how long does it take any of these banks to issue treasury bill certificate or any other proof of investment?

I'll really appreciate a response to this question. Please how long from the date treasury bill investment is made does it take to receive certificate or any other proof of investment?

234ng44uk:


I'll really appreciate a response to this question. Please how long from the date treasury bill investment is made does it take to receive certificate or any other proof of investment?

At FBN, as soon as your investment bid becomes successful and your upfront interest hits your account, you can request for a print out of your investment statement from any of their branches.

You can get it as soon as Thursday, if your bid is successful.

234ng44uk:


I'll really appreciate a response to this question. Please how long from the date treasury bill investment is made does it take to receive certificate or any other proof of investment?

Ordinarily, it will be sent to you within 48 hrs via e-mail. However, simply ask your account officer for it to be printed out for you.
NOTE: From my experience re: TBs, most account officers are incurably dumb when it comes to TBs so you must insist on obtaining it

mymadam:

Ordinarily, it will be sent to you within 48 hrs via e-mail. However, simply ask your account officer for it to be printed out for you.
NOTE: From my experience re: TBs, most account officers are incurably dumb when it comes to TBs so you must insist on obtaining it

Etfash:


At FBN, as soon as your investment bid becomes successful and your upfront interest hits your account, you can request for a print out of your investment statement from any of their branches.

You can get it as soon as Thursday, if your bid is successful.

Thanks for your kind response. My account officer seems to know NOTHING about treasury bills. I'll chase it up immediately.

mymadam:

Ordinarily, it will be sent to you within 48 hrs via e-mail. However, simply ask your account officer for it to be printed out for you.
NOTE: From my experience re: TBs, most account officers are incurably dumb when it comes to TBs so you must insist on obtaining it

as in ehn, very dumb ,some of them go da squeeze face like say na their money u wan use invest,

HenryWilliams:


Odd. Forecast was for highrr TB rates. Stable 15%. Thats what I'm actually waiting for . after elections in February

So it means i should have waited till after election....chai

HenryWilliams:


Odd. Forecast was for highrr TB rates. Stable 15%. Thats what I'm actually waiting for . after elections in February

Throw more light on this please

dammybrite:
Hey, everyone. Does any have an idea of the T-bills available in stanbic IBTC secondary market and their rates as at Friday?

Not for Friday but below were the available Stanbic TB secondary market tenors and rates on Thursday 31 January 2019.
91days > 11%. 301 days> 14.25%. 343 days 14.25%. If you subtract one day each from the tenors, you have roughly the available rates and tenors in the secondary market on Friday.

Thanks

dejiotus:


Not for Friday but below were the available Stanbic TB secondary market tenors and rates on Thursday 31 January 2019.
91days > 11%. 301 days> 14.25%. 343 days 14.25%. If you subtract one day each from the tenors, you have roughly the available rates and tenors in the secondary market on Friday.

OK thanks for the enlightenment.

madakiagwom:

It doesn't work like that. If u invest for 99 days, you are literally going to get about 2.99% of your money because all the rates are based on per annum.

mymadam:

Ordinarily, it will be sent to you within 48 hrs via e-mail. However, simply ask your account officer for it to be printed out for you.
NOTE: From my experience re: TBs, most account officers are incurably dumb when it comes to TBs so you must insist on obtaining it

pls can I know the importance of requesting for proof of investment or certificate?

Hi nairalanders, Pls can anyone tell me how treasury bill works. I want to invest. Thanks

BOFREJO:
Hi nairalanders, Pls can anyone tell me how treasury bill works. I want to invest. Thanks

You can either google it or start here from page one

shulamitewoman:


pls can I know the importance of requesting for proof of investment or certificate?

You can use it as collateral for bank loan

Ibrahim505:
You can use it as collateral for bank loan

oh! OK tank you

Please who knows the next auction for Zenith Bank.

Pharmtj:
as in ehn, very dumb ,some of them go da squeeze face like say na their money u wan use invest,

Lol! When dem don bank say na that ya deposit dem go use hit target, u come spoil show. .why dey no go squeeze face. . .

alezzy13:


Lol! When dem don bank say na that ya deposit dem go use hit target, u come spoil show. .why dey no go squeeze face. . .

na true sha

Good day house, please I need an explanation as to how this compound interest works on Tbills...

Suppose i have 100k in my account and I invest it @15% for 364 days, my interest upfront would be 15,000, which means I would be debitted 85k.. Supposing I decided to reinvest the accured interest, so I write 115k on the form, please how much would be my upfront left in my account and how much would be debitted?

silentone:
Good day house, please I need an explanation as to how this compound interest works on Tbills...

Suppose i have 100k in my account and I invest it @15% for 364 days, my interest upfront would be 15,000, which means I would be debitted 85k.. Supposing I decided to reinvest the accured interest, so I write 115k on the form, please how much would be my upfront left in my account and how much would be debitted?

interesting question. Interested in a response

silentone:
Good day house, please I need an explanation as to how this compound interest works on Tbills...

Suppose i have 100k in my account and I invest it @15% for 364 days, my interest upfront would be 15,000, which means I would be debitted 85k.. Supposing I decided to reinvest the accured interest, so I write 115k on the form, please how much would be my upfront left in my account and how much would be debitted?

If only u can scan through this thread , say at 10pages intervals u would get the answers.

This matter has been discussed at length.

silentone:
Good day house, please I need an explanation as to how this compound interest works on Tbills...

Suppose i have 100k in my account and I invest it @15% for 364 days, my interest upfront would be 15,000, which means I would be debitted 85k.. Supposing I decided to reinvest the accured interest, so I write 115k on the form, please how much would be my upfront left in my account and how much would be debitted?

You can't invest the money you don't have.

234ng44uk:


You can't invest the money you don't have.

I heard some banks will allow you do that.

Grupo:


I heard some banks will allow you do that.

Yes first bank allows reinvestment of interest with principal/capital when applying.. I think for GT what you have to do is to calculate what should be your interest if the percentage is known then add it to the face value and use that figure to apply for the investment. That way, what is supposed to be dropped as interest for you would no longer be dropped because it has been reinvested.

silentone:
Good day house, please I need an explanation as to how this compound interest works on Tbills...

Suppose i have 100k in my account and I invest it @15% for 364 days, my interest upfront would be 15,000, which means I would be debitted 85k.. Supposing I decided to reinvest the accured interest, so I write 115k on the form, please how much would be my upfront left in my account and how much would be debitted?

Possible only if the interest is above 100k

Please i need some financial advise.
which is more preferable, stashing money into money market or stashing into treasury bill. Which would guaranty high yield annually.

please is there anyone with information on firstbank secondary market rates this morning?

N316b Maturing Bills to Boost Liquidity This Week
https://businesspost.ng/2019/02/04/n316b-maturing-bills-to-boost-liquidity-this-week/

someone help me with stanbic rate this mornin