₦airaland Forum

Itsrm:
No auction on 20th. Next is 13th and then 27th.

Really? Meaning I can go to Stanbic this Monday or Tuesday to indicate interest in primary market

Itsrm:
No auction on 20th. Next is 13th and then 27th.

I believe auctions are 14 days apart, are you sure of these dates? I want to pull out funds from mutual funds to bid on the next auction, thanks.

Foodempire:
I believe auctions are 14 days apart, are you sure of these dates? I want to pull out funds from mutual funds to bid on the next auction, thanks.

Normally, that's how it is but sometimes it happens that another auction will hold a week after depending on the calendar. With the first quarter calender posted on this page few days back, there is another auction next week.

Foodempire:
I believe auctions are 14 days apart, are you sure of these dates? I want to pull out funds from mutual funds to bid on the next auction, thanks.

100% sure

biznus:
Really? Meaning I can go to Stanbic this Monday or Tuesday to indicate interest in primary market

Monday preferably. Some banks don't take instructions for Tbills beyond Monday.

freeman67:
Normally, that's how it is but sometimes it happens that another auction will hold a week after depending on the calendar. With the first quarter calender posted on this page few days back, there is another auction next week.

Wao, I will miss the next week bidding then because fbnquest won't release funds until 48 hrs, I will get ready for the March 27th auction.

Shalom428:
Next week Wednesday, but you need to go to your bank on Monday to have your bid locked in .

Thanks for the information.

Someone help out with this please

If I put 10m in TB @ 22% for 364days

And I compound ie didn't ask for up front payment of ROI, how much will I get at the end of the tenure.

Odunharry:
Seems you opted for upfront interest payment. Backend is higher.

How does back end interest work?

Does it compound the interest?

Give example please

1 trillion

nellybadas:
pls anyone with good knowledge?
what is the maximum amount of tbills a single individual can buy at once?

ogawisdom:
How does back end interest work?

Does it compound the interest?

Give example please

So for the secondary market rate.. There's option to choose between back end and upfront payment. The backend(getting your interest at the maturity is usually higher).

See attached below

ogawisdom:
Someone help out with this please

If I put 10m in TB @ 22% for 364days

And I compound ie didn't ask for up front payment of ROI, how much will I get at the end of the tenure.

22/100*10,000,000*364/100.
You should be getting over 2m.

Do you intend to apply via your bank? You can try investment one financial service. Hit me up via mail.

aieromon:
What advantage does he then have as a primary market client?

This is the secondary market. Minus 10% WHT deduction still gives the same 18%.

is this available at every bank?

Itsrm:
Monday preferably. Some banks don't take instructions for Tbills beyond Monday.

Do they only attend to this on-site now? I used to send TB instructions via email in the past but they're not even responding now. Gtbank.

Odunharry:
OK. If you can provide alternate fine. Heard next auction is on Wednesday. The earlier the better.

Shop

Hello guys. Please what is stanbic ibtc rate in last auction

jidobaba:
Do they only attend to this on-site now? I used to send TB instructions via email in the past but they're not even responding now. Gtbank.

They should attend to it as long as you have email indemnity. No idea why they aren't responding

Makes sense

donshady:
Net rate

blkmum700:
gmai

You can edit your post

jidobaba:
Do they only attend to this on-site now? I used to send TB instructions via email in the past but they're not even responding now. Gtbank.

Reach out to your account officer.

Odunharry:
You can edit your post

Oky

ogawisdom:
Someone help out with this please

If I put 10m in TB @ 22% for 364days

And I compound ie didn't ask for up front payment of ROI, how much will I get at the end of the tenure.

The way I would compound it is by doing three consecutive Treasury bills, which would take a month plus.

For the first T-bills, I would put the #10 million at 21% (assuming this is the rate) and get #2.1 million upfront.

For the next auction, I would put the #2.1 million at 21% (again assuming a constant rate) and get #441 thousand upfront.

For the next auction, I would put the #441 thousand at 21% (again assuming a constant rate) and get #92.6 thousand upfront. At this point, I would stop and keep the #92.6 thousand.

At the end of the tenures, one year and a few weeks from now, they will start crediting one after the other: #10 million, then #2.1 million, and lastly #441 thousand plus the #92.6 thousand, which sums up to #12.633 million (profit of 2.63 million) . So, by compounding this way, you would make an extra #533 thousand.

ositadima1:
The way I would compound it is by doing three consecutive Treasury bills, which would take a month plus.

For the first T-bills, I would put the #10 million at 21% (assuming this is the rate) and get #2.1 million upfront.

For the next auction, I would put the #2.1 million at 21% (again assuming a constant rate) and get #441 thousand upfront.

For the next auction, I would put the #441 thousand at 21% (again assuming a constant rate) and get #92.6 thousand upfront. At this point, I would stop and keep the #92.6 thousand.

At the end of the tenures, one year and a few weeks from now, they will start crediting one after the other: #10 million, then #2.1 million, and lastly #441 thousand plus the #92.6 thousand, which sums up to #12.633 million (profit of 2.63 million) . So, by compounding this way, you would make an extra #533 thousand.

Excellent!

ositadima1:
The way I would compound it is by doing three consecutive Treasury bills, which would take a month plus.

For the first T-bills, I would put the #10 million at 21% (assuming this is the rate) and get #2.1 million upfront.

For the next auction, I would put the #2.1 million at 21% (again assuming a constant rate) and get #441 thousand upfront.

For the next auction, I would put the #441 thousand at 21% (again assuming a constant rate) and get #92.6 thousand upfront. At this point, I would stop and keep the #92.6 thousand.

At the end of the tenures, one year and a few weeks from now, they will start crediting one after the other: #10 million, then #2.1 million, and lastly #441 thousand plus the #92.6 thousand, which sums up to #12.633 million (profit of 2.63 million) . So, by compounding this way, you would make an extra #533 thousand.

Wow

ositadima1:
The way I would compound it is by doing three consecutive Treasury bills, which would take a month plus.

For the first T-bills, I would put the #10 million at 21% (assuming this is the rate) and get #2.1 million upfront.

For the next auction, I would put the #2.1 million at 21% (again assuming a constant rate) and get #441 thousand upfront.

For the next auction, I would put the #441 thousand at 21% (again assuming a constant rate) and get #92.6 thousand upfront. At this point, I would stop and keep the #92.6 thousand.

At the end of the tenures, one year and a few weeks from now, they will start crediting one after the other: #10 million, then #2.1 million, and lastly #441 thousand plus the #92.6 thousand, which sums up to #12.633 million (profit of 2.63 million) . So, by compounding this way, you would make an extra #533 thousand.

Compounding at its best.

ositadima1:
The way I would compound it is by doing three consecutive Treasury bills, which would take a month plus.

For the first T-bills, I would put the #10 million at 21% (assuming this is the rate) and get #2.1 million upfront.

For the next auction, I would put the #2.1 million at 21% (again assuming a constant rate) and get #441 thousand upfront.

For the next auction, I would put the #441 thousand at 21% (again assuming a constant rate) and get #92.6 thousand upfront. At this point, I would stop and keep the #92.6 thousand.

At the end of the tenures, one year and a few weeks from now, they will start crediting one after the other: #10 million, then #2.1 million, and lastly #441 thousand plus the #92.6 thousand, which sums up to #12.633 million (profit of 2.63 million) . So, by compounding this way, you would make an extra #533 thousand.

This new TB rate is now giving somebody a headache on TB vs MMF.

NL1960:
This new TB rate is now giving somebody a headache on TB vs MMF.

I have been moving my funds to tbills. The 20% is no joke. mmf is still sitted at 12%. I can't open my eyes and lose over 8%

Nakedman:
I have been moving my funds to tbills. The 20% is no joke. mmf is still sitted at 12%. I can't open my eyes and lose over 8%

I did not move mine as the upfront interest might be too tempting to be spent. I have some educational expenses coming up within this period and i plan withdrawing the interest i have earned to solve most of them.

NL1960:
I did not move mine as the upfront interest might be too tempting to be spent. I have some educational expenses coming up within this period and i plan withdrawing the interest i have earned to solve most of them.

You can as well invest the interest or move the interest to your mutual funds if need be for emergency funds. Just saying. You shouldn't miss out of this 20%

Nakedman:
You can as well invest the interest or move the interest to your mutual funds if need be for emergency funds. Just saying. You shouldn't miss out of this 20%

If i move the upfront interest to MMF, the monthly interest from MMF will no longer be much. Upfront interest is good for payment of one year rent.