87days- 10.85
255days-13.90
339days-14.15.

It's not looking good.

Just2endowed2:
someone help me with stanbic rate this mornin

Please house when is the next primary auction?

ahiboilandgas:
I tired I chat them up they keep sending me back to account officer

@ahiboilandgas Pls how did you resolve this matter? I'm having an issue with gtb too and I think I might need to take it up. Did you have to call their head office or something?

I gave a clear instruction for TBills last Friday(Feb 1st) that I want the interest to be invested alongside the principal. But no, they only deducted the discounted value and left the interest in my account. Now they're saying they can re-invest the interest for me but I don't want that. There's a reason I want this to be in a SINGLE investment and reinvesting the interest separately is unacceptable to me. Please how can I address this matter?

Let me add that I suggested that they liquidate it and do a fresh TB for me today but they(at d branch TB was done) said that due to custodian charges, i will lose some money from my principal. Like my original amount won't be complete. I'm not understanding this people o. Please help me.

Thanks.

manlikegb:


@ahiboilandgas Pls how did you resolve this matter? I'm having an issue with gtb too and I think I might need to take it up. Did you have to call their head office or something?

I gave a clear instruction for TBills last Friday(Feb 1st) that I want the interest to be invested alongside the principal. But no, they only deducted the discounted value and left the interest in my account. Now they're saying they can re-invest the interest for me but I don't want that. There's a reason I want this to be in a SINGLE investment and reinvesting the interest separately is unacceptable to me. Please how can I address this matter?

Let me add that I suggested that they liquidate it and do a fresh TB for me today but they(at d branch TB was done) said that due to custodian charges, i will lose some money from my principal. Like my original amount won't be complete. I'm not understanding this people o. Please help me.

Thanks.

am yet to go to the bank ,they have been behaving strangely ....i will go to bank tommorow to blast the idoits

ahiboilandgas:
am yet to go to the bank ,they have been behaving strangely ....i will go to bank tommorow to blast the idoits

Ok, please give me an update on how it goes. I am still trying to iron this one out over the phone as well, I will give them till the end of work today and if they don't resolve it, I will cal gtconnect.

freeman67:


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.

Good day @Freeman,
Does this method really works with GTBANK...?
Remember your interest will be calculated and other charges will be deducted based on your instructions and amount you invested...
Make it clear,how can this be done?....because I'm very much interested..

manlikegb:


Ok, please give me an update on how it goes. I am still trying to iron this one out over the phone as well, I will give them till the end of work today and if they don't resolve it, I will cal gtconnect.

GTCONNECT will still refer you to your account officers when it comes to treasury bills....
In investments,they only handle fixed deposits,call deposits and strict deposits investments queries which they claim is within the banks jurisdiction.
You have to visit your branch personally...
Hence,Request to see the head of Advantium_Banking Group or the manager......Make your complains to them directly...they will querry you account officers.
**NB** You have to be very ready because once you provide evidence of your account officers incompetence,they will be sacked..
If they i don't get debited on February 14th next(Primary Markets Auction).....they leave me no choice.

Gavrelino123:

Good day @Freeman,
Does this method really works with GTBANK...?
Remember your interest will be calculated and other charges will be deducted based on your instructions and amount you invested...
Make it clear,how can this be done?....because I'm very much interested..

Back then I wanted to invest both principal and interest but I was told in that branch that they don't do it. So I asked the marketer if it was possible I do it than way and he said yes. I did that like twice back then before I started concentrating on First Bank and Stanbic and there were successful..

To be more explicit I will use numbers..

Assuming I want to invest N100,000 for 364 day at 15%. Before charges are taken my interest is N15,000 So In my form or request/letter I will write to invest N115,000 instead of the N100,000 that I intend invest. What then happens is that instead of them to deduct N85,000 as the discount value, they will deduct N100,000 then at maturity you would be credited with the about N117250.

For the charges I actually had some loose change(not part of what I intended to invest) in my account then that it was taken from. But I believe if you don't want it that way, you can't ask them for the charges and factor it into your calculations.

Before I even asked, I studied the pattern of how the various banks I use deduct money from my account whenever I apply. In First Bank even if I am applying for an auction that is due to take place in 10 days time, once I apply and my application is treated/considered my money will be taken out of your reach. I will either get my whole money back if unsuccessful or my interest back if successful ( or nothing significant back in my account if I request for reinvestment of interest) after settlement. For Stanbic, I will be seeing my money till the auction time then said amount (face value) I intend to invest is deducted and all after the interest is refunded back to my account. For GT my money is left till auction is successful then the discount rate is deducted. GT does not deduct the whole investment sum first before returning my interest. They only take what's for them and leave mine there for me unlike other banks that will take all first before returning my own.

I hope this explains it better.

freeman67:


Back then I wanted to invest both principal and interest but I was told in that branch that they don't do it. So I asked the marketer if it was possible I do it than way and he said yes. I did that like twice back then before I started concentrating on First Bank and Stanbic and there were successful..

To be more explicit I will use numbers..

Assuming I want to invest N100,000 for 364 day at 15%. Before charges are taken my interest is N15,000 So In my form or request/letter I will write to invest N115,000 instead of the N100,000 that I intend invest. What then happens is that instead of them to deduct N85,000 as the discount value, they will deduct N100,000 then at maturity you would be credited with the about N117250.

For the charges I actually had some loose change(not part of what I intended to invest) in my account then that it was taken from. But I believe if you don't want it that way, you can't ask them for the charges and factor it into your calculations.

Before I even asked, I studied the pattern of how the various banks I use deduct money from my account whenever I apply. In First Bank even if I am applying for an auction that is due to take place in 10 days time, once I apply and my application is treated/considered my money will be taken out of your reach. I will either get my whole money back if unsuccessful or my interest back if successful ( or nothing significant back in my account if I request for reinvestment of interest) after settlement. For Stanbic, I will be seeing my money till the auction time then said amount (face value) I intend to invest is deducted and all after the interest is refunded back to my account. For GT my money is left till auction is successful then the discount rate is deducted. GT does not deduct the whole investment sum first before returning my interest. They only take what's for them and leave mine there for me unlike other banks that will take all first before returning my own.

I hope this explains it better.

God bless you brother.
I plan investing 1.4m.....
Thus,15% of 1.4m=210,000
My real plan is to invest 1.5m(100k from my interest)
Then leave the 110k balance.
Kindly guide me on how to go about this.
Thanks.

Just because I learnt TBills here, am on compulsion to say the little I know pending verification by gurus. Firstly, always try to read previous pages so we don't get repeated pages here. I personally used 6 months to read before investing. Secondly, I realized that the way some of us approached the bankers too ain't civil. If we are reporting to this house and elements of ill characters can be traced then the physical approach was worst(reason am not quoting anybody) . We are all humans. Back to some questions I remember, you can't reinvest part of your interest as compound interest, u can get the interest and reinvest what you wish. Discrepancy on instructions could be solved by physically filling out the form, error is humans. Not carrying out instructions is different but carrying out to some extent shouldn't call for people's job because that is all reporting will cause. Overall take home is that am not a banker but I feel the heat tbillers will add to The banking stress. Bankers and investors unification project.

TotoNaRubber:
87days- 10.85
255days-13.90
339days-14.15.

It's not looking good.

This is not bad o...if you are playing with huge funds, you will see the difference...

For those who keep asking for help in calculating their interest this link will be useful for you. Just input the necessary figures and it calculates your interest for you.

Still doesn't stop you from learning the way it is calculated. It is actually quite easy.

https://app.nairametrics.com/treasury_bill

Infinitisi:
For those who keep asking for help in calculating their interest this link will be useful for you. Just input the necessary figures and it calculates your interest for you.

Still doesn't stop you from learning the way it is calculated. It is actually quite easy.

https://app.nairametrics.com/treasury_bill

thanks

Thanks a lot.

freeman67:


Back then I wanted to invest both principal and interest but I was told in that branch that they don't do it. So I asked the marketer if it was possible I do it than way and he said yes. I did that like twice back then before I started concentrating on First Bank and Stanbic and there were successful..

To be more explicit I will use numbers..

Assuming I want to invest N100,000 for 364 day at 15%. Before charges are taken my interest is N15,000 So In my form or request/letter I will write to invest N115,000 instead of the N100,000 that I intend invest. What then happens is that instead of them to deduct N85,000 as the discount value, they will deduct N100,000 then at maturity you would be credited with the about N117250.

For the charges I actually had some loose change(not part of what I intended to invest) in my account then that it was taken from. But I believe if you don't want it that way, you can't ask them for the charges and factor it into your calculations.

Before I even asked, I studied the pattern of how the various banks I use deduct money from my account whenever I apply. In First Bank even if I am applying for an auction that is due to take place in 10 days time, once I apply and my application is treated/considered my money will be taken out of your reach. I will either get my whole money back if unsuccessful or my interest back if successful ( or nothing significant back in my account if I request for reinvestment of interest) after settlement. For Stanbic, I will be seeing my money till the auction time then said amount (face value) I intend to invest is deducted and all after the interest is refunded back to my account. For GT my money is left till auction is successful then the discount rate is deducted. GT does not deduct the whole investment sum first before returning my interest. They only take what's for them and leave mine there for me unlike other banks that will take all first before returning my own.

I hope this explains it better.

freeman67:


Back then I wanted to invest both principal and interest but I was told in that branch that they don't do it. So I asked the marketer if it was possible I do it than way and he said yes. I did that like twice back then before I started concentrating on First Bank and Stanbic and there were successful..

To be more explicit I will use numbers..

Assuming I want to invest N100,000 for 364 day at 15%. Before charges are taken my interest is N15,000 So In my form or request/letter I will write to invest N115,000 instead of the N100,000 that I intend invest. What then happens is that instead of them to deduct N85,000 as the discount value, they will deduct N100,000 then at maturity you would be credited with the about N117250.

For the charges I actually had some loose change(not part of what I intended to invest) in my account then that it was taken from. But I believe if you don't want it that way, you can't ask them for the charges and factor it into your calculations.

Before I even asked, I studied the pattern of how the various banks I use deduct money from my account whenever I apply. In First Bank even if I am applying for an auction that is due to take place in 10 days time, once I apply and my application is treated/considered my money will be taken out of your reach. I will either get my whole money back if unsuccessful or my interest back if successful ( or nothing significant back in my account if I request for reinvestment of interest) after settlement. For Stanbic, I will be seeing my money till the auction time then said amount (face value) I intend to invest is deducted and all after the interest is refunded back to my account. For GT my money is left till auction is successful then the discount rate is deducted. GT does not deduct the whole investment sum first before returning my interest. They only take what's for them and leave mine there for me unlike other banks that will take all first before returning my own.

I hope this explains it better.

@bolded,I actually tried doing it this last auction, but was told it wasn't possible. Though in my case I wanted to invest the entire account balance so that by the time they withdraw the principal, it will zero balance or close to it.

Was told it wasn't possible, that the full money must be in my account. I just resignedly told them and deduct just d discount as they usually do, and I'll reinvest at next auction.

TotoNaRubber:
87days- 10.85
255days-13.90
339days-14.15.

It's not looking good.

Really? It's actually very close to the primary rates. . .it think it's quite okay

Gavrelino123:

God bless you brother.
I plan investing 1.4m.....
Thus,15% of 1.4m=210,000
My real plan is to invest 1.5m(100k from my interest)
Then leave the 110k balance.
Kindly guide me on how to go about this.
Thanks.

From @Freeman67 explanation, you'll need to request to invest precisely 1,400,000/0.85=1,647,058.82. However, I still doubt if this is possible.

alezzy13:


@bolded,I actually tried doing it this last auction, but was told it wasn't possible. Though in my case I wanted to invest the entire account balance so that by the time they withdraw the principal, it will zero balance or close to it.

Was told it wasn't possible, that the full money must be in my account. I just resignedly told them and deduct just d discount as they usually do, and I'll reinvest at next auction.

Which bank was that please? Freeman67 did it successfully at First and Stanbic.

Hello guys, am new to treasury bill, whats the best way to buy T-Bill? I currently operate Access and GTB .Thank you

234ng44uk:


Which bank was that please? Freeman67 did it successfully at First and Stanbic.

Stanbic ??. Maybe they have changed their process or the TB guy that did it for him is not experienced. Stabic normally places a hold of the amount you filled in your form. If your account balance is not up to the amount you filled and a hold of such an amount is placed, it means your available balance is negative. Make Internal Control catch such staff.

234ng44uk:


Which bank was that please? Freeman67 did it successfully at First and Stanbic.

GTB..

alezzy13:


@bolded,I actually tried doing it this last auction, but was told it wasn't possible. Though in my case I wanted to invest the entire account balance so that by the time they withdraw the principal, it will zero balance or close to it.

Was told it wasn't possible, that the full money must be in my account. I just resignedly told them and deduct just d discount as they usually do, and I'll reinvest at next auction.

OK, though it been a while I used GT again. I had to suspend using them when I desperately needed to lock down back then and their bid wasn't successful. Even when I tried to use them again of recent when someone posted some good rates for secondary market here I got to the bank the next business and was told they have not been advised. So I had to transfer my money to Stanbic. As for reinvesting interest with capital, out the 5 banks I have used for TB the only bank that gladly accepts it is FirstBank.

NL1960:


Stanbic ??. Maybe they have changed their process or the TB guy that did it for him is not experienced. Stabic normally places a hold of the amount you filled in your form. If your account balance is not up to the amount you filled and a hold of such an amount is placed, it means your available balance is negative. Make Internal Control catch such staff.

No not Stanbic it's GTB said.

234ng44uk:


Which bank was that please? Freeman67 did it successfully at First and Stanbic.

It was GTB.

9-Month T-Bills Yield Shed 1.16% to Settle at 15.44%
https://businesspost.ng/2019/02/05/9-month-t-bills-yield-shed-1-16-to-settle-at-15-44/

freeman67:


OK, though it been a while I used GT again. I had to suspend using them when I desperately needed to lock down back then and their bid wasn't successful. Even when I tried to use them again of recent when someone posted some good rates for secondary market here I got to the bank the next business and was told they have not been advised. So I had to transfer my money to Stanbic. As for reinvesting interest with capital, out the 5 banks I have used for TB the only bank that gladly accepts it is FirstBank.

I see, thanks.

dipoolowoo:
9-Month T-Bills Yield Shed 1.16% to Settle at 15.44%
https://businesspost.ng/2019/02/05/9-month-t-bills-yield-shed-1-16-to-settle-at-15-44/

Na wa O!

Egbon wetin dey happen na? The expectations were that rates would rise given the heavy spending that usually characterize this season, moreover the budget needs to be funded given the high deficit (min wage increase, etc) but e be like say CBN thinks otherwise. . .

while we are talking about Politics....Some FPIs sneaked into Naija and invested heavily in our Treasury Bills and Bonds last week.

I expect the yields to keep dropping as the elections approach and after elections.

The time to move in is NOW!

feelamong:
while we are talking about Politics....Some FPIs sneaked into Naija and invested heavily in our Treasury Bills and Bonds last week.

I expect the yields to keep dropping as the elections approach and after elections.

The time to move in is NOW!

The Oracle has spoken.

Over to you folks

shgenius123:
STOP CARRYING CV UP & DOWN THIS YEAR!
If u cant find a JOB start RAGP TELECOM VTU BUSINESS & Earn Per Seconds/Minutes. AskMeHow
0eight0 two 7 three 62943

stop trying to scam people down and up repent b4 efcc strike u

wisdom77:
Please who knows the next auction for Zenith Bank.

Same date for every bank; should be Wednesday, 13th February. Best to submit Monday preferably, but before 1pm Tuesday.

However, if you are interested in Secondary Market, you can walk into a branch with a minimum of =N=1million and invest in TBills same day. The rates they had yesterday ranged from 8.5% for 73 days to 14% for 353 or 360 days.