₦airaland Forum

IamR:
I did it with Zenith Bank at a 6% rediscount rate. I don't know about other banks. That's all.
See the attached re-discounting form

emmanuelewumi:
They sold everything and then use part of the proceeds to buy new investments which you filled at the going rate

IamR:
I don't think so. I had about 26k and I withdrew 10k from it. I got the full liquidation of the balance at the maturity date. I would have been credited the whole amount if they actually sold everything.

RayRay06677:
How did you do it

U can liqudate all and reinvest some but never can you liquidate part, please enlighten me if I am still wrong, we are here to learn. I just liquidated 10m worth with maturity of Sept 9th and got 9.925m to boost up and reinvest on Wednesday on 15.4942% commercial paper at 270 days.

Did my maths and realized I will be making about 35k for terminating though am losing about 75k as penalty. Bought at little above 4% and liquidated at 7.5% to reinvest at 15.4%. if I waited till Sept, might not get that 15%.

So my guy that liquidated part of your investment, please show me how, thanks

LagosInter:
How did you know you lost some amount?
Did you deduct the custody fees too?

Did you check all well?

emmanuelewumi:
You can't buy 26k worth of Treasury Bill, the minimum is 100k which is obtainable from First Bank or Stanbic IBTC.

Zenith or GTB will require a minimum of N1 million

RayRay06677:
At maturity, I was to get 10m but my action got me 9.925m meaning am short of 75k, charges all inclusive. If I didn't terminate, would have gotten all complete so I deduce that I loss 75k.

RayRay06677:
At maturity, I was to get 10m but my action got me 9.925m meaning am short of 75k, charges all inclusive. If I didn't terminate, would have gotten all complete so I deduce that I loss 75k.

LagosInter:
Not checked that way.

You would have gotten the 10m upon maturity.
But YOU DID NOT WAIT till maturity naa.

So they took what you would have earned if you had waited.

If you are to be paid 50k salary and you worked for 2 weeks only and got 25k, it's your entitlement. Do you expect 50k without working for full month.


Note that I have read here that some banks charge penalty for liquidating prematurely.
I have no authority on this. Maybe sir emmanuelewumi can help.

skydiver01:
The beauty of compounding... Happy Days Next stop Jan 2022

NL1960:
What's happening in Jan 2022?.

LagosInter:
Not checked that way.

You would have gotten the 10m upon maturity.
But YOU DID NOT WAIT till maturity naa.

So they took what you would have earned if you had waited.

If you are to be paid 50k salary and you worked for 2 weeks only and got 25k, it's your entitlement. Do you expect 50k without working for full month.


Note that I have read here that some banks charge penalty for liquidating prematurely.
I have no authority on this. Maybe sir emmanuelewumi can help.

sentoms:
The Primary auction holds today 11/8/2021 , the next will be 25/8/2021 going by the frequency of Issuance. Every two weeks .

DEBUU:
Which bank has best rates and what are the rates as of today?

emmanuelewumi:
I got 13.25% in the last FG bonds auction in the primary market

stevemims:
Oga Emma, would anything below 50m (between 1-5m) fly for the FG bonds?

I'm targeting the one for next week. Thanks.

emmanuelewumi:
Yes, i did less than N5 million last month.

Get in touch with your relationship manager, if you bank with Stanbic IBTC.

Make sure you conclude everything before Friday

emmanuelewumi:
Yes, i did less than N5 million last month.

Get in touch with your relationship manager, if you bank with Stanbic IBTC.

Make sure you conclude everything before Friday

stevemims:
Okay. Yes, stanbic is the bank and I've reached out. Thanks.

skydiver01:
The beauty of compounding... Happy Days Next stop Jan 2022

Chikebrain:
Hello Emma please what's the difference between United money market of 10% and FBN fixed income at 11%. I'm looking at investing but might need to liquidate very soon

stevemims:
I'm a newbie to the FGN Bond space. If you have a CSCS number, kindly reach out to your account officer, just use the bank where you have an account.quote author=mickky22 post=104688337]

Please Oga I which to participate but I don't have account with Standbi.
What do you advice sir.
Your urgent reply will be appreciated please

stevemims:
I'm a newbie to the FGN Bond space. If you have a CSCS number, kindly reach out to your account officer, just use the bank where you have an account.quote author=mickky22 post=104688337]

Please Oga I which to participate but I don't have account with Standbi.
What do you advice sir.
Your urgent reply will be appreciated please

mickky22:
I have CSCS number please how do I go about it I have account with first bank and they said is only FBNQuest that does something like that and there branch is in IV which is far from where I stay.

Please advise.

Thanks

Foodempire:
Kindly furnish us the TBS auctions results, thanks