overcomer123:
@ feelamong can you guide me on the way t go abt it on the secondary market, cos i just think my account officer is playing some games with me.

Are the rate negotiable to?

if yes how?

What are my chances of getting 14 percent?

I have never used a bank for my secondary market transactions...

I have been using Fidelity securities ltd for that

can you provide a link to their site or website or a phone no i can reach them on?

feelamong:


I have never used a bank for my secondary market transactions...

I have been using Fidelity securities ltd for that

can you provide a link to their site or website or a phone no i can reach them on?

overcomer123:


can you provide a link to their site or website or a phone no i can reach them on?

https://fidsecng.com/

send a mail to info@fidsecng.com

overcomer123:
@ feelamong can you guide me on the way t go abt it on the secondary market, cos i just think my account officer is playing some games with me.

Are the rate negotiable to?

if yes how?

What are my chances of getting 14 percent?

I use Access bank and one can buy in the secondary market (if you have an account with them). U consult for the rate through live chat and then send an instruction on online through customercare to debit your account with them accordingly. (Even atimes you can be asked to drop the letter at any nearest access bank)

I have done

tunene66:


I use Access bank and one can buy in the secondary market (if you have an account with them). U consult for the rate through live chat and then send an instruction on online through customercare to debit your account with them accordingly. (Even atimes you can be asked to drop the letter at any nearest access bank)

I have done

The dumb headed account officer is tellin me 13 percent, of which i called the fidelity guys and they say 14 i will go with the 14. I just hope i dont incur to much cost transferring across banks.

feelamong:


https://fidsecng.com/

send a mail to info@fidsecng.com

The dumb headed account officer is tellin me 13 percent, of which i called the fidelity guys and they say 14 i will go with the 14. I just hope i dont incur to much cost transferring across banks.

overcomer123:



The dumb headed account officer is tellin me 13 percent, of which i called the fidelity guys and they say 14 i will go with the 14. I just hope i dont incur to much cost transferring across banks.

What is the tenor? Sometimes tenor comes to play.

feelamong:


https://fidsecng.com/

send a mail to info@fidsecng.com

please does Fidelity Security do less than a million naira? i understand some security houses deal with individuals with large volume of funds only

I saw a news flash on CNBC which says "CBN Suspends 1 Year Treasury Bill" during one market analysis program this morning.

Please I need confirmation on if the suspension was just for yesterday's bid or if will continued on a short to long term. I need to be sure to guide my decision so I don't submit a 364 days bid that is dead on arrival.

feelamong:


https://fidsecng.com/

send a mail to info@fidsecng.com

Gooday Boss.... i fill tbill form wit zenith bank since Tuesday for 182days but yet to see any alert as regards to that.. my first tym anyway ..... am getting worried ....jus wanted to no if its a successful one sir.

hello house, thanks for all your tips. I did bid for 91 day tenure( with the bank rate) t-bills with GTB branch at oniru near shoprite since tuesday this week. What i am yet to know is how to determine what GTB bidded for and if so whether the bid sailed through. i am a bit anxious since this is my first time on t-bills. anyone with similar experience in knowing whether the bank(GTB) in question bidded successfully and how to know from an outsider point of view? thank you and hope to get responses.!

EngineerT:
hello house, thanks for all your tips. I did bid for 91 day tenure( with the bank rate) t-bills with GTB branch at oniru near shoprite since tuesday this week. What i am yet to know is how to determine what GTB bidded for and if so whether the bid sailed through. i am a bit anxious since this is my first time on t-bills. anyone with similar experience in knowing whether the bank(GTB) in question bidded successfully and how to know from an outsider point of view? thank you and hope to get responses.!

You better call your account officer and confirm.

feelamong:


https://fidsecng.com/

send a mail to info@fidsecng.com

bros thanks alot for the info went to their bank and it was 14 percent as you said.

with you i was able to sake 15k. GTBank was offering 13 percent.

But the transfer waka no easy sha.

Thanks alot.

14 percent is not so bad. we will fight harder next time

tunene66:


What is the tenor? Sometimes tenor comes to play.

91 days

peteken:



Gooday Boss.... i fill tbill form wit zenith bank since Tuesday for 182days but yet to see any alert as regards to that.. my first tym anyway ..... am getting worried ....jus wanted to no if its a successful one sir.

what rate did you fill for your 182 days bill?

vacanci:


please does Fidelity Security do less than a million naira? i understand some security houses deal with individuals with large volume of funds only

Yea.. They do

feelamong:

what rate did you fill for your 182 days bill?

The guy told me is cbn dat giv d rate so dia was no rate indication ..

@feelamong..I ve mailed Fidelity security... I need few clarification cos dis is my Ist time of buying at secondary market. pls will d interest be paid upfront lik primary market.. den how soon ll my account be debited.. can I do the transaction via mail?

Xkoba:
@feelamong..I ve mailed Fidelity security... I need few clarification cos dis is my Ist time of buying at secondary market. pls will d interest be paid upfront lik primary market.. den how soon ll my account be debited.. can I do the transaction via mail?

The last time I did secondary market thru them... it was seamless.
I credited my account with them and I was debited and the upfront Interest moved to my Bank account in GT Bank.
It all happened within a day.

Once you are ready, let me know, I will send you the details of my account officer there..

feelamong:


The last time I did secondary market thru them... it was seamless.
I credited my account with them and I was debited and the upfront Interest moved to my Bank account in GT Bank.
It all happened within a day.

Once you are ready, let me know, I will send you the details of my account officer there..

@feelamong ..I'm fully ready..pls any charges

Xkoba:

@feelamong ..I'm fully ready..pls any charges

PM me for my account officer details..

The only charges are the usual charges you already know; Custody charge, Transaction charge of 0.125%

A big thanks to all the gurus in NTB.
Thanks Feelamong .

I started reading this thread about 2 weeks ago. I did place a bid and got 14.3% for 91 days at Stanbic IBTC.

Gonna try secondary market too.

qmd24:
A big thanks to all the gurus in NTB.
Thanks Feelamong .

I started reading this thread about 2 weeks ago. I did place a bid and got 14.3% for 91 days at Stanbic IBTC.

Gonna try secondary market too.

Sir, have u been debited by stanbic? am still waiting for mine.....abi should i be worried

So it seems FBN lost out in the 91 days bid as my funds was returned yesterday. My 182 days NTB scaled through though but I wasn't impressed with the rate I got. I guess I may have to call it quit on NTB with FBN if I'm not allowed to throw in my own bid myself.

getgeorgio:
I saw a news flash on CNBC which says "CBN Suspends 1 Year Treasury Bill" during one market analysis program this morning.

Please I need confirmation on if the suspension was just for yesterday's bid or if will continued on a short to long term. I need to be sure to guide my decision so I don't submit a 364 days bid that is dead on arrival.

@Feelamong what your take on this?

Tritri:


@Feelamong what your take on this?

I suspect it has to do with the level of OMO conducted in recent times....

would be asking my bankers more questions on this..

good morning, please did anyone bid through GTB and did it go through? it is past 11am today and my account has not been debited. before i storm the bank and raise dust, i would like to know what i will be up against since it was my first bid and it appears nothing happened even after going with the bank bid rate. did anyone get a successful bid with GTB? please help an anxious brother here.

EngineerT:
good morning, please did anyone bid through GTB and did it go through? it is past 11am today and my account has not been debited. before i storm the bank and raise dust, i would like to know what i will be up against since it was my first bid and it appears nothing happened even after going with the bank bid rate. did anyone get a successful bid with GTB? please help an anxious brother here.

What was the tenor of your bid?

My bid was for 91 days with GTB and it dint sail through.

I even used the bank's rate.

overcomer123:


What was the tenor of your bid?

My bid was for 91 days with GTB and it dint sail through.

I even used the bank's rate.

it was 91 day tenure going with the bank rate. my personal gross is that why are they not saying anything? no feedback or notice of the outcome? although i went to CBN to see the rates as pasted below

Primary Market
Date of Auction 8/17/2016 8/17/2016 8/3/2016 8/3/2016
Security Type NTB NTB NTB NTB
Tenor
Maturing On 91
11/17/2016 182
2/16/2017 91
11/3/2016 182
2/2/2017
Amount Offered (N mn) 76136.78 30000 45177.87 80000
Subscriptions (N mn) 76,136.78 198,179.28 69,442.52 128,661.66
Tot. Successful (N mn) 32,436.51 30,000.00 45,177.87 80,000.00
Net Sales (N mn) 32,436.51 30,000.00 45,177.87 80,000.00
Range of Bid Rates 12.0000 - 20.0000 11.0000 - 20.0000 9.0000 - 19.0000 13.0000 - 20.4900
Successful Bid Rates 12.0000 - 14.9900 11.0000 - 17.4800 9.0000 - 15.4400 13.0000 - 18.0589
Marginal Rate 14.99 17.48 15.44 18.0589
True Yield 15.572 19.846 16.0581 19.846

EngineerT:
good morning, please did anyone bid through GTB and did it go through? it is past 11am today and my account has not been debited. before i storm the bank and raise dust, i would like to know what i will be up against since it was my first bid and it appears nothing happened even after going with the bank bid rate. did anyone get a successful bid with GTB? please help an anxious brother here.

Banks usually like to close their books high on Fridays. I am sure you are likely to get your alert from 5PM after they have closed their books. watch and see. i am used to that.

let me be positively optimistic about that. thank you