₦airaland Forum

gogedda:
I don't understand Stanbic bank.. I am currently here now, the lady said they need to first of all send a mail to the head office to know if there is secondary market today.. She said something like they haven't concluded on the secondary market rate after the last primary market Auction. Is this correct... I thought there is a way they login to know the secondary market rate from any of their branches..

Can anybody recommend a very good Stanbic branch on the mainland which is very good with this market thing... Thanks

Investnow2017:
If you want to go for tenors lower than 364days my best option is SECONDARY MARKET. I do Primary market only when i want a 364-day tenor instrument. Almost always the Secondary Market offers very competitive and juicier rates than the pry market.

Cripstwick:
Thanks bro. The tip is rich. Better rates, stronger stout, and more delicious suya for you.

Also, I was thinking about putting like 100K per month at 364 days tenure. So, from January to December, I'd have 12 different bills. Is this strategy okay? I can't afford putting mills at once because I'm relying on a monthly income. Thanks.

dotcomnamename:
My account officer just told me that there is 12.20% 87Days, but this is still under my consideration! Not sure whether to go for it yet

dotcomnamename:
My account officer just told me that there is 12.20% 87Days, but this is still under my consideration! Not sure whether to go for it yet

Investnow2017:
You mean you plan to invest N100k every month in this manner? That is a good strategy. Because by the time it is ripe, you would be reaping N100k every month as they mature.

dotcomnamename:
My account officer just told me that there is 12.20% 87Days, but this is still under my consideration! Not sure whether to go for it yet

Gavrelino123:
182 days...its slightly above 13.5%

doyinisaac:
So 365 days should be around 24%...that is nice...

Ibukun003:
LOL...At all ooo.. It cant be above 17%

TONY56:
What are you waiting for?
With the way rates are going down?
You may not be that lucky tomorrow.
Hope you remember that last week"so stop rate for 91days was 12.1%?
You are missing a fantastic rate and I bet someone else would have taken it before you go back for it

dotcomnamename:
Would you rather top up existing Mutual Funds than to go for Treasury Bills 12.20% 87Days? Security wise?

TONY56:
I will go for 12.2% Treasury Bill cause the mutual fund performance is a function of the TB rates. The largest investments of mutual funds are invested in Treasury Bills. So since TB rates are falling, mutual funds ROI will equally fall and with TB, you have up front interest which you can also reinvest for better returns and it's tax free unlike Mutual Funds.

That's my take. Also, risk wise, the mutual funds are a lot riskier than TB. if your operator of Mutual fund collapses, your investments collapses with it but your TB investments are safe and secured if your bank fails or goes under because your investment is with Federal Government of Nigeria

freeman67:
Yes mutual funds have more risk than TB that is because they do not rely solely on TB. They invest in shares and commercial papers too. Apart from Money
Market Funds all others have a mix of shares in it.

gogedda:
I don't understand Stanbic bank.. I am currently here now, the lady said they need to first of all send a mail to the head office to know if there is secondary market today.. She said something like they haven't concluded on the secondary market rate after the last primary market Auction. Is this correct... I thought there is a way they login to know the secondary market rate from any of their branches..

Can anybody recommend a very good Stanbic branch on the mainland which is very good with this market thing... Thanks

Investnow2017:
You mean you plan to invest N100k every month in this manner? That is a good strategy. Because by the time it is ripe, you would be reaping N100k every month as they mature.

Cripstwick:
Exactly! Thanks bro. Much appreciated. If I need more help, I'll definitely message/mention you. Or, do you think I need to know more about this TBills thing? Make person no go jump.

shogbenga:
Hi everyone, I observed that everybody on this forum purchases Tb from banks and no one has recommended the purchase of Tb from financial /discount houses like Afrinvest for instance. Is there any reason for this. Thanks

Izuogu1:
Good morning all,
I did TB at FirstBank yesterday, secondary market but my interest hasn't being paid till now. Is this normal? I tick the option that ask if I want my interest to be paid to me immediately and not after maturity

EverIncreasing:
Please house,has anyone used an indemnity form for treasury bills before?
Thank you

Tojued:
This is a good question because with Afrinvest you don't need to go to the bank, they actually send you the rates by email. Today they even had 13.10% for 170 days. I'm interested in investing through them since I'm a 9-5er.

Their only charge is a 0,35% custody fee. Is this fair compared to what banks charge? Thanks.

@investnow2017 @Tony56 @all the inhouse experts abeg no jump me pass.

gogedda:
Good afternoon house, pls I need candid advice from the Guru in the house about my friend who bought treasury bills at secondary market at13% from Stanbic bank.

Before Tbills purchase
Amount in bank account: 5,010,654.05 (five million, ten thousand)
Face value invested: 5,000,000 (five million)
Tenor: 91 days
Rate: 13%

After T bills purchase transaction:
Amount in bank account:152, 271.85
Tbills amount deducted: 4,857,534.25
Transaction fee: 300
SFKP fee: 547.95

When he approached the bank before he bought the Tbills, he was told that the secondary rate for 91 days was 13% and he filled it in the form and he was dully debited 3 hrs later.

From the look of things above, he is suppose to have more than the above in his bank account as his current balance. From my own calculation, i feel he was charged at a rate lower than what he was told. Pls kindly help out Gurus with the calculation. He is planing on going back to complain at the bank. Correct me if am wrong. Was he really charge a rate of 13% ?

gogedda:
Good afternoon house, pls I need candid advice from the Guru in the house about my friend who bought treasury bills at secondary market at13% from Stanbic bank.

Before Tbills purchase
Amount in bank account: 5,010,654.05 (five million, ten thousand)
Face value invested: 5,000,000 (five million)
Tenor: 91 days
Rate: 13%

After T bills purchase transaction:
Amount in bank account:152, 271.85
Tbills amount deducted: 4,857,534.25
Transaction fee: 300
SFKP fee: 547.95

When he approached the bank before he bought the Tbills, he was told that the secondary rate for 91 days was 13% and he filled it in the form and he was dully debited 3 hrs later.

From the look of things above, he is suppose to have more than the above in his bank account as his current balance. From my own calculation, i feel he was charged at a rate lower than what he was told. Pls kindly help out Gurus with the calculation. He is planing on going back to complain at the bank. Correct me if am wrong. Was he really charge a rate of 13% ?

doyinisaac:
So 365 days should be around 24%...that is nice...