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Treasury Bills In Nigeria - Investment (212) - Nairaland

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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)

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Re: Treasury Bills In Nigeria by pafra(m): 10:36am On Sep 15, 2016
can anybody advice on first bank rate in the last bid?
Re: Treasury Bills In Nigeria by Omonigeriarere: 11:05am On Sep 15, 2016
feelamong:
Bill Auction results Stop Rates: 14/09/2016

91day -14%

182day - 17.77%

364day - 18.48%

Is this applicable to all banks?
Re: Treasury Bills In Nigeria by adeg(m): 11:16am On Sep 15, 2016
@feelamong
Please respond. Which is best: 91, 182, 364 day tenor?

Also what's advantages and otherwise of treasury notes to t-bills

Thanks.
adeg:
@feelamong

Thanks for your open-mindedness and willingness in sharing your knowledge and experiences.

Please based on your experience, which is best of the 3 tenors?

Also please write on how we can participate in the treasury notes and advantages or otherwise to t-bills.
Re: Treasury Bills In Nigeria by godash(m): 11:32am On Sep 15, 2016
ummitoagirl:
Yes, an actual auction, pls go to the previous page, link was attached... but it looks like it's not been followed.

TopKol:
@ godash, find the link below for the 4th qrt calendar:

https://www.cbn.gov.ng/Out/2016/FMD/NTB%20Issue%20Calender%20-%204th%20Qtr%202016.pdf

Thanks guys. Whao, so there will be an auction next week wednesday instead of the 28th.

Re: Treasury Bills In Nigeria by munezo(m): 2:11pm On Sep 15, 2016
Yes those figures refer to the people who went with the bank's rate. I did not go with the bank rate. All in all, the news is still good.

samkay12:
I'm not sure i understand why this good news.
Doesn't their rate of 18.10 being lower than 18.2 mean "bad news" for you?
Or do those figures only refer to people who went with the Bank rates and you have ended up with 0.1% more
Right?


Re: Treasury Bills In Nigeria by battleaxe: 6:22pm On Sep 15, 2016
adeg:
@feelamong
Please respond. Which is best: 91, 182, 364 day tenor?

Also what's advantages and otherwise of treasury notes to t-bills

Thanks.

Tenor choices for most individuals should be dependent on individual cash flow planning.

While you will find that the rates for 365days are typically the highest, this also means that you are not able to respond as quickly should the rates appreciate, for you to be able to take advantage.

Some individuals also simply do not have the energy to go through detailed studying requires prior to the bidding, towards ensuring they're submitting a winning bid. Rather do that for a 365 day tenor than four times for a 91 day tenor.

For me, I do not think there's any tangible difference in the tenors- just plan your cash flow and use that to plan the tenor of your investment.

5 Likes

Re: Treasury Bills In Nigeria by Omonigeriarere: 7:25pm On Sep 15, 2016
Hi my people, please how do I calculate my yield. GTB subscribes to TB without my instruction and I want to know whether to accept or reject the bidding although I have been unsuccessful in my previous bidding with them.

I was credited with 42,314.18 on 500k in 182 days. Therefore, what is the % and is this a good bid?
Re: Treasury Bills In Nigeria by Nobody: 8:05pm On Sep 15, 2016
PLS house,i did tb with stanbic they just debited me,am i supposed to get credited for the interest again?
Re: Treasury Bills In Nigeria by lilee2hot(f): 8:19pm On Sep 15, 2016
DOLLARTEX:
PLS house,i did tb with stanbic they just debited me,am i supposed to get credited for the interest again?
Yes

1 Like

Re: Treasury Bills In Nigeria by ogeka(m): 8:36pm On Sep 15, 2016
Please house it was my first time bidding, I just need some clarifications on the figures. I used stanbic, had 502k in account bid with 500k for 182 tenor.

I just got a debit alert of 457311.79. A balance of 44658.59. Did they just leave the interest and what percentage is it cos from calculation am getting 17.08.

Please just clarify.
Re: Treasury Bills In Nigeria by freeman67: 8:43pm On Sep 15, 2016
Omonigeriarere:
Hi my people, please how do I calculate my yield. GTB subscribes to TB without my instruction and I want to know whether to accept or reject the bidding although I have been unsuccessful in my previous bidding with them.

I was credited with 42,314.18 on 500k in 182 days. Therefore, what is the % and is this a good bid?

That's 17%.
your is better self. Stanbic debited just half of my request and left half me.
Re: Treasury Bills In Nigeria by Omonigeriarere: 8:49pm On Sep 15, 2016
freeman67:


That's 17%.
your is better self. Stanbic debited just half of my request and left half me.

How did you arrive at the answer please?
Re: Treasury Bills In Nigeria by Nobody: 9:12pm On Sep 15, 2016
freeman67:


That's 17%.
your is better self. Stanbic debited just half of my request and left half me.
I noticed that also,i went for 91days they left half of the money for me,maybe thier fuel got finished!

2 Likes

Re: Treasury Bills In Nigeria by bee2bee(f): 9:14pm On Sep 15, 2016
Hello all, please someone who has bidded with GTB before should help me out. This is my first time using GTB. I submitted request for 3M at 13.98% and i understand the stop rate is 14%. I just saw debit alert in my email now for N2, 895, 722.95 for Tbills, 300naira for commission and 750naira for custodian fee. Please why was 3M not debited?
cc:feelamong
Re: Treasury Bills In Nigeria by godash(m): 9:45pm On Sep 15, 2016
bee2bee:
Hello all, please someone who has bidded with GTB before should help me out. This is my first time using GTB. I submitted request for 3M at 13.98% and i understand the stop rate is 14%. I just saw debit alert in my email now for N2, 895, 722.95 for Tbills, 300naira for commission and 750naira for custodian fee. Please why was 3M not debited?
cc:feelamong

You requested for 3M naira so you'll get that 3M as facevalue at maturity and you will pay ~2.89M right now. See calculations below.

1 Like

Re: Treasury Bills In Nigeria by Omonigeriarere: 9:48pm On Sep 15, 2016
bee2bee:
Hello all, please someone who has bidded with GTB before should help me out. This is my first time using GTB. I submitted request for 3M at 13.98% and i understand the stop rate is 14%. I just saw debit alert in my email now for N2, 895, 722.95 for Tbills, 300naira for commission and 750naira for custodian fee. Please why was 3M not debited?
cc:feelamong

Yield/interests on TB is paid upfront. So, deduct the amount debited from your account from 3m to get your yield which the bank left behind in your account.

From your interest/yield, bank then deduct a certain % of administrative charges for service rendered.

1 Like

Re: Treasury Bills In Nigeria by ukay2: 10:26pm On Sep 15, 2016
bee2bee:
Hello all, please someone who has bidded with GTB before should help me out. This is my first time using GTB. I submitted request for 3M at 13.98% and i understand the stop rate is 14%. I just saw debit alert in my email now for N2, 895, 722.95 for Tbills, 300naira for commission and 750naira for custodian fee. Please why was 3M not debited?
cc:feelamong


Your interest for 3M 91 day NTB at 13.98% is N104, 562.73k , so when you minus the interest from 3M ,you will get the N2,895,722.950. ....I.e 13.98/100 ×30000000×91/365 =N104,562,73k

The N750 Custodian fee came from gtb 0.717% fee on the N104, 562.73k ....I. e x/100 ×104,562.73 =750 will give you 0.717%.......note some banks like stanbic ibtc bank charges 0.125% as Custodian fee.

The N300 transfer fee of your money to CBN is constant for all banks....

Hope my explanation will help


Oga feelamong and other gurus can confirm if am correct.

Thanks.

3 Likes

Re: Treasury Bills In Nigeria by ukay2: 10:45pm On Sep 15, 2016
freeman67:


That's 17%.
your is better self. Stanbic debited just half of my request and left half me.


Those that went with stanbic ibtc bank rate for 91 day NTB were successful at 14% from CBN stop rate of 14%...maybe cbn PRORATED them at 50%, hence the debit of half your face value by the bank...

You can check the meaning of the word PRORATE from oga feelamong explanation yesterday

2 Likes

Re: Treasury Bills In Nigeria by Omonigeriarere: 10:21am On Sep 16, 2016
ogeka:
Please house it was my first time bidding, I just need some clarifications on the figures. I used stanbic, had 502k in account bid with 500k for 182 tenor.

I just got a debit alert of 457311.79. A balance of 44658.59. Did they just leave the interest and what percentage is it cos from calculation am getting 17.08.

Please just clarify.

How did you arrive at 17.08%?
Re: Treasury Bills In Nigeria by bee2bee(f): 12:27pm On Sep 16, 2016
Thanks @ godash, omonigeriarere, ukay2. I understand better now. So meaning GTB will credit 3M into my account at maturity.
Re: Treasury Bills In Nigeria by triol80t: 1:18pm On Sep 16, 2016
Good day guys, Please who is yet to be debited by Stanbic IBTC. Also I would appreciate if it takes more than 48 hours to get settlement with the PD. Many thanks in advance.
Re: Treasury Bills In Nigeria by Omonigeriarere: 1:25pm On Sep 16, 2016
bee2bee:
Thanks @ godash, omonigeriarere, ukay2. I understand better now. So meaning GTB will credit 3M into my account at maturity.

Exactly!

1 Like

Re: Treasury Bills In Nigeria by ukay2: 1:46pm On Sep 16, 2016
triol80t:
Good day guys, Please who is yet to be debited by Stanbic IBTC. Also I would appreciate if it takes more than 48 hours to get settlement with the PD. Many thanks in advance.

Relax...am yet to be debited also....we will be debited be 10pm today as usual on Fridays
Re: Treasury Bills In Nigeria by lancee(m): 2:44pm On Sep 16, 2016
Pls anybody on Gtb in the house , yet to be debited
Re: Treasury Bills In Nigeria by Omonigeriarere: 3:06pm On Sep 16, 2016
lancee:
Pls anybody on Gtb in the house , yet to be debited

I think GTB has debited its customers who were successful in their bids between the hours of 6-7pm since yesterday.

1 Like

Re: Treasury Bills In Nigeria by lancee(m): 3:07pm On Sep 16, 2016
Omonigeriarere:


I think GTB has debited its customers who were successful in their bids between the hours of 6-7pm since yesterday.


Thanks , will confirm from them
Re: Treasury Bills In Nigeria by NOLONGTIN1(m): 4:24pm On Sep 16, 2016
ukay2:

Go for 182 or 364 days NTB next week

Please, when is the deadline ??
Re: Treasury Bills In Nigeria by triol80t: 4:37pm On Sep 16, 2016
ukay2:


Relax...am yet to be debited also....we will be debited be 10pm today as usual on Fridays

Thanks for your response. Dem won give me hypertension ni oo. Money wey don reach Road already on top recession level. Great work all d ogas really learning from u guys all.
Re: Treasury Bills In Nigeria by ogeka(m): 5:11pm On Sep 16, 2016
How did you arrive at 17.08%

@omonigeriarere

X x 500 k x .5 = 500k - 457311.79

X= 17.08%

Please correct me

1 Like

Re: Treasury Bills In Nigeria by ukay2: 6:23pm On Sep 16, 2016
triol80t:


Thanks for your response. Dem won give me hypertension ni oo. Money wey don reach Road already on top recession level. Great work all d ogas really learning from u guys all.


I just got debited by Stanbic IBTC bank. ....you will soon get if you have not been debited...
Re: Treasury Bills In Nigeria by ukay2: 6:27pm On Sep 16, 2016
NOLONGTIN1:



Please, when is the deadline ??

...With stanbic ibtc bank. ..12pm next week Tuesday. ...

....with first bank. ..12pm Today ...Friday. .

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