₦airaland Forum

babygal2020 dont listen to that Creditalerts guy. He is looking for STI referral bonus. Which project can 20% interest rate do that 15% cant do? No be only project 😂😂. Let him snap the project and paste here lets see.

By the time you factor in monthly compounding which stanbic offers, it will be lower than 5% difference even. Leave your funds where you can sleep well. Must not be stanbic but make sure it’s a company of same caliber. Atleast all them Meristem are still there.

By the time all this fund managers credit your interest, you wont even know which rate they used again 😂😂. You will be told to be patient that other investors have received value and your case is different 😂😂

Why we want high rate is because the 9ja system cannot be trusted. Rate could fall to 5% and 9ja economy will still be worse.

Preator:
Not permanent ooooo. Those rates are a reminder that our economy is doing badly. We need it to come down ultimately so quality of life can improve. In the interim sha, make we enjoy am.

Iamblessed8888:
babygal2020 dont listen to that Creditalerts guy. He is looking for STI referral bonus. Which project can 20% interest rate do that 15% cant do? No be only project 😂😂. Let him snap the project and paste here lets see.

By the time you factor in monthly compounding which stanbic offers, it will be lower than 5% difference even. Leave your funds where you can sleep well. Must not be stanbic but make sure it’s a company of same caliber. Atleast all them Meristem are still there.

By the time all this fund managers credit your interest, you wont even know which rate they used again 😂😂. You will be told to be patient that other investors have received value and your case is different 😂😂

I can't. I don suffer for this life before God remembered me. Na why I too dey fear. I need peace of mind.

bassdow:
not sure it's worth it.

Compare the earning vs MMF and you see the difference doesn't seem to worth the risk + mind you, you can't remove your money anytime you want without penalty.

It would only make some sense if MMF rates drastically drops very very low

Not a huge fan of commercial papers either. I rather do fixed deposit.

The company can default. Infact the bigger the company, the more the risk of default because they know you cant fight them. Imagine taking someone like Dangote to court. Even the judge will be laughing at you

Some people here need to fear God. If i open a wooden kiosk today and start doing MMF agro allied investment, once i offer some people here referral bonus, they will come and tell you the risk is thesame

All i need to do is just show daily interest but never update it. Must be easy to scam people sha

Iamblessed8888:
Not a huge fan of commercial papers either. I rather do fixed deposit.

The company can default. Infact the bigger the company, the more the risk of default because they know you cant fight them. Imagine taking someone like Dangote to court. Even the judge will be laughing at you

Actually, what matters is the financial standing of the company. When Dangote sold his, it was overSubScribed in a twinkle of an eye and that's because people have believe and trust in Dangote.

A company even wouldn't want to easily default because of tomorrow.

Iamblessed8888:
Some people here need to fear God. If i open a wooden kiosk today and start doing MMF agro allied investment, once i offer some people here referral bonus, they will come and tell you the risk is thesame

All i need to do is just show daily interest but never update it. Must be easy to scam people sha

Please u need to stop over flogging this issue. If not for the equity thread equity.m created recently one wouldn't have been getting any update. This thread wasn't like this few months ago. This argument of which mmf is supreme is making this place very toxic. Let everyone do their thing. Those that want to do high rate mmf should do so, those that want to continue with the likes of Stanbic should do so. No point overstretching this issue, it is making this thread very uninteresting.

kalu61:
I saw a commercial paper listed on Stambi IBTC app @18.7% pa
Daraju Industrial Ltd

What's your take with MMF rate drop from Stanbic?

Generally Mmf underlying assets are going lower from late last year. Hence rates have been reducing from all firms. Some are reducing faster than others probably based on their investment spread ratio. Nothing specifically wrong with the Firm.

If the rates are low and of priority to you, you can move to other firms with slightly higher rates..

Commercial paper:
What's the tenor?
180days, 270days or 365days?

The Commercial paper rate differential compared to the Mmf seems low to me to warrant such risk.
(just about 3-4%).
Is it worth it?
That's left to your risk appetite and your subscription volume.

Besides, how popular is the company in brand and credit rating from credible agencies.

Most commercial papers aren't secured instruments.
A default is the end of your capital without Apology
(i stand to be corrected).

Commercial papers are riskier debt instruments than Mmf.

If I will ever do a commercial paper it will be known and established brand identity.
MTN, DangCem, etc.
Theyve been consistent over the years without payment default with good ratings and product spread across the nation.
Your money, your decision

Why I am bothered is that i have done top up before and they reflected within 2 hours. The last one before this one,i did it after 3pm and it reflected within 30 minutes.
This one i woke up by 1am to top up thinking before 9am it will reflect, today has come to an end and nothing.
There customer care response is zero. Na 16.98% make me diversify some from Stanbic to them.

bassdow:
very early this morning. Wait till midNight first before you start getting worried.

Even stanbic would reflect anywhere from 3pm same day so long it's business day. So if you expecting it to reflect few hours after making payment, no be so; at least with the non Fintech ones.

Iamblessed8888:
Not a huge fan of commercial papers either. I rather do fixed deposit.

The company can default. Infact the bigger the company, the more the risk of default because they know you cant fight them. Imagine taking someone like Dangote to court. Even the judge will be laughing at you

You make a case for this big companies sha.
Why the case will even fail before the court is that the commercial paper are most usually advertised as "unsecured". So whoever ventures with his money has agreed to non-refund of capital incase of default
Only in rare cases do they have "secured" loan and then investors can have a case in court.


I would tilt towards the other way round; the smaller the company, the riskier the default.
most big companies hardly default even though they can.


Also, the amount being requested relative to the size of the firm should also be considered.
Some companies can be too ambitious and overstretch by requesting for an amount they haven't come close to generate as revenue in 1yr.

Also, Looking at a companies financial statements if assessible can help manage your risk before making a decision.

The credit rating and history of payment is also a key metric as well to look up to before venturing into that space.

As for Dangote, his Cement company's commercial paper is currently listed on the equity market. I think it's the first time ever.

Iamblessed8888:
How far. Called them yet?

Yes same response n the money is yet to reflect .

chimex38:
You make a case for this big companies sha.
Why the case will even fail before the court is that the commercial paper are most usually advertised as "unsecured". So whoever ventures with his money has agreed to non-refund of capital incase of default
Only in rare cases do they have "secured" loan and then investors can have a case in court.


I would tilt towards the other way round; the smaller the company, the riskier the default.
most big companies hardly default even though they can.


Also, the amount being requested relative to the size of the firm should also be considered.
Some companies can be too ambitious and overstretch by requesting for an amount they haven't come close to generate as revenue in 1yr.

Also, Looking at a companies financial statements if assessible can help manage your risk before making a decision.

The credit rating and history of payment is also a key metric as well to look up to before venturing into that space.

As for Dangote, his Cement company's commercial paper is currently listed on the equity market. I think it's the first time ever.

Abeg where I go see the bolded. Might be interested. on what platform

Huhhhhh na him i de panic for my tirifive? Shaaa its my first time doing MMF

Babygal2020:
Yes o. I added 5M recently. My husband's money is inside too. Lol

The top up reflected by midnight as i woke up to a mail from them

david4mex:
Why I am bothered is that i have done top up before and they reflected within 2 hours. The last one before this one,i did it after 3pm and it reflected within 30 minutes.
This one i woke up by 1am to top up thinking before 9am it will reflect, today has come to an end and nothing.
There customer care response is zero. Na 16.98% make me diversify some from Stanbic to them.

bassdow:
Abeg where I go see the bolded. Might be interested. on what platform

I don't do commercial papers for now.
Also It's the first time ever so I have no idea how they structure it.

They said its in the Ngx, hence I think contacting equity-brokers via mail, call or walk-in will be the best bet to answer any question on the modalities.

I believe It will be like buying from secondary market like Tbills.
Rates and yield may not be same as advertised like in the usual primary auction.

kalu61:
I saw a commercial paper listed on Stambi IBTC app @18.7% pa
Daraju Industrial Ltd

What's your take with MMF rate drop from Stambic?

Yes, It is an ongoing issaunce for 364 days. Which is to start counting from March 5th.

The major disadvantage to it is that it is not secured. Which makes it more risky than TB and some secured or asset backed one.

The second is the 10% WHT deduction. Which will make that 18.7088 later be about 16.8379 but then all other instruments like it are deducting too.

Lastly your Inability to access your funds till it matures except you completely liquidate at FMDQ or whatever it is listed, if listed. So you should be sure you will leave it till maturity if interested so astl not to street yourself.


That said, personally I would have invested in it if I had the funds but right now I don't. Majority of my funds are invested in other CP's. It's part of the ways I take my own risks.

CP is one of the underlying assets of MMF's. Infact majority of these high rates we see from some of these other Asset Managers are from the CP's, PN's and call deposits and co. Though it requires some due deligence too. The track record of the issuer, the arranggers and agents marking them, perusing their financials to see the possibility of your funds coming out, their ratings and so on are all important. I have personally invested twice in Daraju CP's and was paid at maturity without issues.

Like TB's, CP's are short term deposit too. Difference is that TB is issued by government and CP's are issued by companies. Government have a higher capability of paying back. However, the SEC, and the arrangers and agents will want the financial markets to be safe for investment by others and their brands too worth believing so they are the first to scrutinize the issuers ability before marketing it to customers and allowing the listing, if the issuer meets the requirements.

MMF rates are set daily meaning if your are enjoying 20% now, it's not guaranteed for the week. Any rate locked in on CP remains minus deduction of 10% WHT.

Also, most time the yield is always more that the rates you see. The yield there is about 23% and what you see and calculate is what you get no no deductions of management fees, handling charges by anybody.

If you were to do just the minimum of 5M for the 364 collecting your interest upfront will be about N839,589 after WHT and N1,032,000 after WHT if your decided to roll over with the interest. Divide these 2 sum above and see, either 365 for daily rates, 12 for monthly rates and 4 for quarterly rates and see what you then you can also compared with your MMF. So for me it's worth it.

For me also, I do them directly with the arrangers and agent when I do, so I don't incurr any extra cost other thank transfer charge and stamp duty from my end and WHT from their end at maturity.

Yea. You are right. It is an improvement...just still low😞
Meanwhile, do you mean the limit is 7.5M if in MMF?

Preator:
Well, its an improvement over the old 500k limit. And it's okay for lots of Nigerian individuals. Data from the Presidential committee on tax actually indicates that over 90% of nigerians have less than 1m in their bank accounts. So only institutions and HNIs are left largely with the risks.

Plus i no dey get cash for my banks anyway. If not for SCB with high limits. And even that one sef, just put the money in mmf. It counts towards their 7.5m wahala

emmasoft:
@temi4fash you can start investing while your account gets upgraded.
If you don't mind get in touch so that I can link you up with a team member tomorrow morning to assist you. You can also click contact support as you login to the app and make your complain, I guess it could be issue of proof of address that is causing the delay.

how good is this first ally

Not necessarily because banks are also big companies. Ordinarily, the financial system regulators should make sure that a company has what it takes to pay for its commercial paper offering. Like how banks are being forced to recapitalise.

Iamblessed8888:
Not a huge fan of commercial papers either. I rather do fixed deposit.

The company can default. Infact the bigger the company, the more the risk of default because they know you cant fight them. Imagine taking someone like Dangote to court. Even the judge will be laughing at you

So a particular Fund manager after almost 5 days, choose to drop 1-day worth of interest. What about the rest ?

e be like say I go just siddon with those who update daily as I hate not knowing what's happening. Difficult telling what rate was used.

Na wao....

Not updating daily is a recipe for "scam" abeg....

Infact....it should be updated at the close of work sef...

Cowrywise update my Equity as e dey hot for NGX "market "

Gtbank update before 5:pm

Cardinal update before 8:pm

Stanbic update @12:am

Anyone that can't show me my funds performance soonest is not for me

bassdow:
So a particular Fund manager after almost 5 days, choose to drop 1-day worth of interest. What about the rest ?

e be like say I go just siddon with those who update daily as I hate not knowing what's happening. Difficult telling what rate was used.

Make @Iamblessee8888 no see this your message....na another round of bashing for "mushroom" fund managers be that o

Hahahhahaha

😎😎😎😎

bassdow:
So a particular Fund manager after almost 5 days, choose to drop 1-day worth of interest. What about the rest ?

e be like say I go just siddon with those who update daily as I hate not knowing what's happening. Difficult telling what rate was used.

bassdow:
So a particular Fund manager after almost 5 days, choose to drop 1-day worth of interest. What about the rest ?

e be like say I go just siddon with those who update daily as I hate not knowing what's happening. Difficult telling what rate was used.

Nawa. One in particular that starts with “N”. I’m sure it is one of those fund managers promoted here by referral crumb avengers. Even on Sunday, stanbic would update your interest.

Any fund manager not updating daily is not doing MMF abeg.

I go through quite a number of uneventful days and sometimes it’s the daily interest that keeps me going. I cant imagine going a full day with no action and no stride towards my wealth plan. It’s just wickedness.

Ontop your money again, you would be getting lean from worries. If not delay in top up, it’s interest backlog or year end backlog. Watch them tell you that other investors have been credited 😡

Risk is thesame people will soon come now. 🤦‍♂️

LoriHamo:
Make @Iamblessee8888 no see this your message....na another round of bashing for "mushroom" fund managers be that o

Hahahhahaha

😎😎😎😎

Infact even if some fund managers are doing 100%, i no do 😂😂. Fund administration is more important for me than fund performance.

Someone was complaining on the other group that you see different amount when you click different places on one app like that 😂😂

I follow complain that thing o

In fact I am waiting for 90 days to vamooose from there.....

I no do again mbok

Iamblessed8888:
Infact even if some fund managers are doing 100%, i no do 😂😂. Fund administration is more important for me than fund performance.

Someone was complaining on the other group that you see different amount when you click different places on one app like that 😂😂

LoriHamo:
Na wao....

Not updating daily is a recipe for "scam" abeg....

Infact....it should be updated at the close of work sef...

Cowrywise update my Equity as e dey hot for NGX "market "

Gtbank update before 5:pm

Cardinal update before 8:pm

Stanbic update @12:am

Anyone that can't show me my funds performance soonest is not for me

How are you enjoying the NGX? Are you doing the ARM/Meristem/Afriinvest/Ucap mix or you entered before cowrywise did their amalgamation of funds?

david4mex:
Please any idea how long it takes GT Funds Manager for your Top Up to reflect? I did a top up very early this morning and it is yet to reflect.

Mine was stanbic IBTC they had issues with network last week

I actually entered before the "merging"

Preator:
How are you enjoying the NGX? Are you doing the ARM/Meristem/Afriinvest/Ucap mix or you entered before cowrywise did their amalgamation of funds?

chimex38:
Generally Mmf underlying assets are going lower from late last year. Hence rates have been reducing from all firms. Some are reducing faster than others probably based on their investment spread ratio. Nothing specifically wrong with the Firm.

If the rates are low and of priority to you, you can move to other firms with slightly higher rates..

Commercial paper:
What's the tenor?
180days, 270days or 365days?

The Commercial paper rate differential compared to the Mmf seems low to me to warrant such risk.
(just about 3-4%).
Is it worth it?
That's left to your risk appetite and your subscription volume.

Besides, how popular is the company in brand and credit rating from credible agencies.

Most commercial papers aren't secured instruments.
A default is the end of your capital without Apology
(i stand to be corrected).

Commercial papers are riskier debt instruments than Mmf.

If I will ever do a commercial paper it will be known and established brand identity.
MTN, DangCem, etc.
Theyve been consistent over the years without payment default with good ratings and product spread across the nation.
Your money, your decision

Thank you. I needed such analysis. Maybe if someone knows the company issuing the paper

freeman67:
Yes, It is an ongoing issaunce for 364 days. Which is to start counting from March 5th.

The major disadvantage to it is that it is not secured. Which makes it more risky than TB and some secured or asset backed one.

The second is the 10% WHT deduction. Which will make that 18.7088 later be about 16.8379 but then all other instruments like it are deducting too.

Lastly your Inability to access your funds till it matures except you completely liquidate at FMDQ or whatever it is listed, if listed. So you should be sure you will leave it till maturity if interested so astl not to street yourself.


That said, personally I would have invested in it if I had the funds but right now I don't. Majority of my funds are invested in other CP's. It's part of the ways I take my own risks.

CP is one of the underlying assets of MMF's. Infact majority of these high rates we see from some of these other Asset Managers are from the CP's, PN's and call deposits and co. Though it requires some due deligence too. The track record of the issuer, the arranggers and agents marking them, perusing their financials to see the possibility of your funds coming out, their ratings and so on are all important. I have personally invested twice in Daraju CP's and was paid at maturity without issues.

Like TB's, CP's are short term deposit too. Difference is that TB is issued by government and CP's are issued by companies. Government have a higher capability of paying back. However, the SEC, and the arrangers and agents will want the financial markets to be safe for investment by others and their brands too worth believing so they are the first to scrutinize the issuers ability before marketing it to customers and allowing the listing, if the issuer meets the requirements.

MMF rates are set daily meaning if your are enjoying 20% now, it's not guaranteed for the week. Any rate locked in on CP remains minus deduction of 10% WHT.

Also, most time the yield is always more that the rates you see. The yield there is about 23% and what you see and calculate is what you get no no deductions of management fees, handling charges by anybody.

If you were to do just the minimum of 5M for the 364 collecting your interest upfront will be about N839,589 after WHT and N1,032,000 after WHT if your decided to roll over with the interest. Divide these 2 sum above and see, either 365 for daily rates, 12 for monthly rates and 4 for quarterly rates and see what you then you can also compared with your MMF. So for me it's worth it.

For me also, I do them directly with the arrangers and agent when I do, so I don't incurr any extra cost other thank transfer charge and stamp duty from my end and WHT from their end at maturity.

Thank you