Investnow2017:


If you are doing 364days which is the max tenor, primary market is advised, as you are sure to get a very good rate like 18% and above with fbn or stanbic. But if you are doing less than the max tenor of 364days you are sure to get a better rate at the Secondary market because the 182days and 91daya at the primary market are already pegged.

Hence you must have read here where some got 13.5% in the pry market for 91days and another getting 17% or more from the Seconday market for same tenor.

I understand.
Thank you.

zamirikpo:
Hello housemates
I HV unconfirmed info. That a bank I used for my TB is in serious problem and may likely shut-down.

I just got the call this evening . my question is....should this rumour be true,how do I get my money back.

How does the custodian bank thing work.

I don't want to mention the bank so as to avoid unnecessary panic, bcs like I said its unconfirmed report.

I don't have any certificates to prove my investments, but first thing tomorrow I'll ask for that from my branch.

Gurus in the house pls .......

Emefiele has stated this more than 10 times!!

No bank shall be allowed to go under! CBN will take over the bank and no depositor will loose his funds.

For TBill Investment..its very easy! You have your Investment letters. Their Custodians have custody of the Bills. So no wahala even if push turns to shove!

CBN Issues N205b in Treasury Bills Next Week
www.businesspost.ng/2017/07/13/cbn-issues-n205b-in-treasury-bills-next-week/

Hello house, please I need a clearer explanation of how profit is calculated for the 91 days tenor. I understand that of 364 days. But I am still a bit confused with that of 91 days even with the calculations I have seen on the thread.

Please I need someone to help me out with the calculation on this example:

Please, what will be the earnings on a T-bills of N1,000,000 @ 13.5% for 91 days tenor?



Thanks

dyonpoint:
Hello house, please I need a clearer explanation of how profit is calculated for the 91 days tenor. I understand that of 364 days. But I am still a bit confused with that of 91 days even with the calculations I have seen on the thread.

Please I need someone to help me out with the calculation on this example:

Please, what will be the earnings on a T-bills of N1,000,000 @ 13.5% for 91 days tenor?



Thanks

That should be N33,657.53. Other gurus kindly chuk mouth

dyonpoint:
Hello house, please I need a clearer explanation of how profit is calculated for the 91 days tenor. I understand that of 364 days. But I am still a bit confused with that of 91 days even with the calculations I have seen on the thread.

Please I need someone to help me out with the calculation on this example:

Please, what will be the earnings on a T-bills of N1,000,000 @ 13.5% for 91 days tenor?



Thanks

Do it your self

I=(PxRxT)/(100x365)

where I=interest (the interest amount you want to know)
P=Principal(amount invested)= 1,000,000
R=Rate(percentage interest)= 13.5%
T=Time (number of days)=91 days

Or

1,000,000 × 13.5%
= 135,000 ÷ 365
= 369.86 x 91

Interest = 33,657.53

vitality22:


Do it your self

I=(PxRxT)/(100x365)

where I=interest (the interest amount you want to know)
P=Principal(amount invested)
R=Rate(percentage interest)
T=Time (number of days)

I = (1,000,000 x 0.135 x 91)/36,500

I = 336.58 (this is what ur formula gives)

Investnow2017:
Or

1,000,000 × 13.5%
= 135,000 ÷ 365
= 369.86 x 91

Interest = 33,657.53

Gbam!..... Thanks

rosybabyy:

That should be N33,657.53. Other gurus kindly chuk mouth

Thanks

vitality22:


Do it your self

I=(PxRxT)/(100x365)

where I=interest (the interest amount you want to know)
P=Principal(amount invested)= 1,000,000
R=Rate(percentage interest)= 13.5%
T=Time (number of days)=91 days

Now I see it from someone calculations. I think your formula should be

I = ((PxRxT) /(100x365)) x T


Thanks

Thanks all that reply... I appreciate. I have seen what I wanted. I was thinking doing 91 days nd compounding (reinvesting the interest) for a year will be better than subscribing for a 365 days tenor. I think it isn't.
It is better to go for the 365 days at once.

zamirikpo:
Hello housemates
I HV unconfirmed info. That a bank I used for my TB is in serious problem and may likely shut-down.

I just got the call this evening . my question is....should this rumour be true,how do I get my money back.

How does the custodian bank thing work.

I don't want to mention the bank so as to avoid unnecessary panic, bcs like I said its unconfirmed report.

I don't have any certificates to prove my investments, but first thing tomorrow I'll ask for that from my branch.

Gurus in the house pls .......

Ahhh, my God, I did fixed with them.. First thing 2moro mrn, I am going to cancel my fixed and transfer my mny ASAP..

Gavrelino123:

God Bless you bro...
I really saw hell.....She's not more smiling with me anytime she sees me in the Bank...lol.....
I don't even care...

You wicked o!

mindtricks:


You wicked o!

Upon his money ?

Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

dyonpoint:


I = (1,000,000 x 0.135 x 91)/36,500

I = 336.58 (this is what ur formula gives)

I didn't tell you to convert the 13.5%. Oga, use the 13.5% the way it is and not dividing it by 100.

ie (1000000*13.5*91)/(100*365)

Now you do it and tell me the answer

I just got 14% for 83days 2day..

I just got 14% for 83days 2day at firstbank

Is it a good rate? Although im yet to be debited..

Fm4real06:
I just got 14% for 83days 2day at firstbank

Poor. Why so low? Always request to see the ranges available in their system. Making the officer in charge a close parley can help him or her to open up and you will be surprised to see better deals in their computer. Anyway size of fund and tenor are a factor kind of.

Always have a range in mind. Like me, for any tenor on the secondary market, anything less than 18% is unacceptable!

I have a GT Bank account and I wish to apply for treasury bills. When can I apply for treasury bills? Between Stanbic bank and First bank, which is preferable because I am planning to open a new account because of this.

Investnow2017:


Poor. Why so low? Always request to see the ranges available in their system. Making the officer in charge a close parley can help him or her to open up and you will be surprised to see better deals in their computer. Anyway size of fund and tenor are a factor kind of.

Always have a range in mind. Like me, for any tenor on the secondary market, anything less than 18% is unacceptable!

But i tink 14% for 83days is not bad since gtb are giving 13.5%

Ovie2011:
I have a GT Bank account and I wish to apply for treasury bills. When can I apply for treasury bills? Between Stanbic bank and First bank, which is preferable because I am planning to open a new account because of this.

I would advice u use firstbank

vitality22:


I didn't tell you to convert the 13.5%. Oga, use the 13.5% the way it is and not dividing it by 100.

ie (1000000*13.5*91)/(100*365)

Now you do it and tell me the answer

vitality22:


Do it your self

I=(PxRxT)/(100x365)

where I=interest (the interest amount you want to know)
P=Principal(amount invested)= 1,000,000
R=Rate(percentage interest)= 13.5%
T=Time (number of days)=91 days

Haaaa.. no be quarrel oooo Bros. Na watin u give me I use and u no specify either. Even in your post you still put 13.5% and not 13.5 (see the bold in ur post above).
I simply follow the normal mathematical computation.

No vex for the corrections.

Just back from First Bank. Got 342days tenor for 18.35% secondary market.

Think i am pretty ok with that. I actually wanted to do pry market on wednesday, but have to settle for this. Its close to my target

I was thinking Stanbic IBTC because I don't know if their first bank branches in benin will be friendly at me on this.

Fm4real06:

I would advice u use firstbank

Investnow2017:

Just back from First Bank. Got 342days tenor for 18.35% secondary market.

Think i am pretty ok with that. I actually wanted to do pry market on wednesday, but have to settle for this. Its close to my target

Have u been debied already. Cos i also got 14% for 83days frm firstbank dis morning but i am yet to be debited.

Investnow2017:
I am just from first bank in phc and i got 18% for 332days! Secondary market rates this week are rather low compared to recent weeks.

My Brother...please do I negotiate secondary market rates before giving the bank a go ahead on the tbills transaction? Or the bank will tell me the best rate before initiating the transaction?

I am looking at the 180days tenure

partnerbiz4:
Pls who knows why anyone would want to go for bonds despite better interest rates in treasury bills.

very simple. Its called speculations. The treasury bills rates you see today, we refer to them as happy times. If you invested today in treasury bills at 18%. By next year, rates could start revolving around 10-11%. Even less than that. We have seen this before. Now with a bond of 15% now and you tie it down for maybe 5 to 8 years, your interest comes in without fluctuations. Its all about speculations. Sometimes early last year, treasury bills was as low as 11%. Now it's averaging 18% for 364 day tenor. This cannot continue. It may go higher above 20% and it may go lower below 11% by next year. It depends on a lot of economic factors and indices.

rosybabyy:
Hello people, I got 17.20% for 107 days from stanbic . Is it fair enough ?

mama ...please did you get this at the secondary market? I think its about time I started using my stanbic account

Shakitibob0:
My Brother...please do I negotiate secondary market rates before giving the bank a go ahead on the tbills transaction? Or the bank will tell me the best rate before initiating the transaction?

I am looking at the 180days tenure

I don't negotiate. I determine the minimum rate below which i will not accept and ask them to tell me what they have in their system. Dont behave like you are new in the biz. Give them the impression that you know what you are doing and that you are familiar with the market.
Yesterday, i was at the bank and the maximum i could get was below 17%. I rejected it and waited for today Friday because i know that good bargains come up here and there in the secondary market. Sometimes little patience can help.
Its just a pity though that in the great majority of cases officers handling TB are hardly ever friendly. My account officer who used to call on me in my office in the past hardly pick my calls these because i do not do Fixed Deposit anymore

Just a quick info, the 14% you got is good, imagine if you had waited looking for an 18% offer and the funds stay in your account idle for the next one or two weeks, by the time you get the 18% in two weeks time, in hindsight you actually lost money from interest earnings even though the rate is higher.

It is always best to lock in early with the best possible rate, waiting a week extra for better rate makes a difference.

Fm4real06:
I just got 14% for 83days 2day..