petikal:


We all started from somewhere. Let them ask, better than making uniformed decisions. I do however agree they need to read through the thread.

ghettodreamz:


Before you can purchase through any bank, you must have an account (savings/current) with such. In addition, based on what I've read on the thread thus far, First bank does not allow their customers to bid by themselves, meaning you go with their own successful bid rate for any given auction. I hope this helps.

desireoge:
Gd Morning all. I also need information on the next auction date because I want to liquidate my fix Deposit to trade TB.

just2endowed:



i think next auction will be next week

poposki33:
here is the time table

pipz:


They are the stop rates for the last T Bill primary Auction.

your Bank treasury post the Bids. but you have to go through your Acct officer/Frontline team of your Bank

if you go through this thread from the beginning im sure you know what T Bills are and how the work. better still click this link and read up.

http://www.investopedia.com/terms/t/treasurybill.asp

pipz:
NGN T-Bill Auction Result 24/06/2015

TENOR MATURITY AMOUNTS SOLD CUT OFF [Yield] BID/COVER PREV DISC (Yield)

91 DY 24-Sep-15 NGN 31.19B 10.00% (10.26%) 1.00 10.00% (10.26%)
182 DY 24-Dec-15 NGN 39.34B 12.80% (13.67%) 1.06 12.70% (13.56%)
364 DY 23-Jun-16 NGN50.00B 13.00% (14.94%) 1.86 12.80% (14.67%)

Tinyemeka:


Hi. What's the difference between cut-off and yield?

Thanks.

Desanta:


The cut off is the interest rate at which the tenor is offered, but because the interest is paid upfront the actual(True) interest which is much higher is called the yield.

Desanta:


The cut off is the interest rate at which the tenor is offered, but because the interest is paid upfront the actual(True) interest which is much higher is called the yield.

feelamong:
I just got this mail from my brokers whom I always do Treasury Bills from..

It looks a cool investment, especially now that the Tbill rate are lower than the guaranteed return


Good day Mr Feelamong,

This is to introduce you to our new product. Please see below.
Please feel free to ask for further clarifications if so desired.
Regards


FIDELITY SECURITIES LIMITED BOND INDEXED INVESTMENT NOTES
PRODUCT FEATURES: This product was borne out of the need to present our customers with an alternative investment in the capital market; It also comes with the positives of any fixed income instrument (Coupons/Interest).
The Investment Note is tied to the purchase and guaranteed returns of FGN and Corporate bonds in the Capital market. It carries the features of a mutual fund but comes with the flexibility of any money market deposits product. This particular product is particularly indexing the recently issued Fidelity Corporate Bonds.

• The Interest rate is guaranteed at 13.75% for one year only (After which it will be reviewed in line with prevailing market conditions)

• The Tenor of the Investment is One year (1 year) with a minimum holding period of 270 days.

• Unlike most other Bond Indexed Mutual funds, whose returns fluctuate in response to the Bond market, this Bond Indexed Investment Notes gives a Guaranteed return for the year notwithstanding the performance of the FGN bonds.

• Interest are paid to customers every 90 days with automatic renewal thereafter.

• Customers are allowed to break the investments whenever the need for cash arises but will have to forfeit 20% of the accrued interest on the investments.

• It is open ended and investors are allowed to join in the investment anytime.

• There is an Asset manager fee of 0.5% on the accrued interest.

• The Minimum Investment is N1M.

• Investment Holders are allowed to increase their investment whenever they wish to do so.

Kindly Contact us for any further clarifications on info@fidsecng.com

Royal155:
WOW! I LOVE THIS ONE!
BUT OP, HAVE YOU TRIED IT? HOW WAS IT?

feelamong:
I just got this mail from my brokers whom I always do Treasury Bills from..

It looks a cool investment, especially now that the Tbill rate are lower than the guaranteed return

• The Interest rate is guaranteed at 13.75% for one year only (After which it will be reviewed in line with prevailing market conditions)
• Interest are paid to customers every 90 days with automatic renewal thereafter.
• There is an Asset manager fee of 0.5% on the accrued interest.
• The Minimum Investment is N1M.

feelamong:


I havnt tried it yet..

I intend to try it as soon as my soon fixed deposit matures next week..

yomi007k:


bro, pls ask dem if its as SAFE as NTB.

i jus bought NTB today, 11.2 for 176 days.

poposki33:
please bro, how much did you buy

yomi007k:

2M

angelo82:
Any fund you want to put your money consider how easy it is to exit such fund...........So many fund are good on paper even famous ones and when it comes to liquidating your asset,then they will start asking for unneccessary documents......................

feelamong:
I just got this mail from my brokers whom I always do Treasury Bills from..

It looks a cool investment, especially now that the Tbill rate are lower than the guaranteed return


Good day Mr Feelamong,

This is to introduce you to our new product. Please see below.
Please feel free to ask for further clarifications if so desired.
Regards


FIDELITY SECURITIES LIMITED BOND INDEXED INVESTMENT NOTES
PRODUCT FEATURES: This product was borne out of the need to present our customers with an alternative investment in the capital market; It also comes with the positives of any fixed income instrument (Coupons/Interest).
The Investment Note is tied to the purchase and guaranteed returns of FGN and Corporate bonds in the Capital market. It carries the features of a mutual fund but comes with the flexibility of any money market deposits product. This particular product is particularly indexing the recently issued Fidelity Corporate Bonds.

• The Interest rate is guaranteed at 13.75% for one year only (After which it will be reviewed in line with prevailing market conditions)

• The Tenor of the Investment is One year (1 year) with a minimum holding period of 270 days.

• Unlike most other Bond Indexed Mutual funds, whose returns fluctuate in response to the Bond market, this Bond Indexed Investment Notes gives a Guaranteed return for the year notwithstanding the performance of the FGN bonds.

• Interest are paid to customers every 90 days with automatic renewal thereafter.

• Customers are allowed to break the investments whenever the need for cash arises but will have to forfeit 20% of the accrued interest on the investments.

• It is open ended and investors are allowed to join in the investment anytime.

• There is an Asset manager fee of 0.5% on the accrued interest.

• The Minimum Investment is N1M.

• Investment Holders are allowed to increase their investment whenever they wish to do so.

Kindly Contact us for any further clarifications on info@fidsecng.com

angelo82:
Any fund you want to put your money consider how easy it is to exit such fund...........So many fund are good on paper even famous ones and when it comes to liquidating your asset,then they will start asking for unneccessary documents......................

Yem0350:

That is d problem am currently aving with FBN money market. I subscribe with my PVC, I intend to divest part of my fund, dey r rejecting the PVC frm me and I dnt av any of the 3 ID cards mentioned. Although, their interest has b wonderful

angelo82:



Whats wonderful about it when you can't exit the fund easily?..................

Etfash:


There is no big deal about exiting actually, I was only asked to complete their fund redemption form with proof of identification. I also had to tell them why I needed the money. The fund got into my account in 3 work days, the day I applied for the fund inclusive.

I will advise the guy having identification issues to go and get one of those IDs.