I asked for Bill's from boc they said not available and deposit on 100 investment for 17.5 % And rate of interest not mentioned in the certificate then she wrote 17.5 with a pen is it valuable evidence when when the balance is printed Also what are the commercial banks that issue treasury bills
@@sujathapathirage1457 This is what I said. The speaker doesn't cover the practical situation. What you have done is investing in REPO. (Secured by T bills) The Commercial bank pays 21% till 27/4/22 for REPO.. BoC does not encourage to invest as they have cheep funds and the service is hopeless.
Dear Jayantha, could u please clarify the following? 1. When I bid a rate from primary auction through primary dealer, Is there's a risk of affect pro rata rate? And will it reduce the return of FV? How to avoid this? 2. Cbsl site display the WAYR of the each auction date. It is not the cutoff mark know. How we guess the cutoff in future auctions?
This is the next auction notice. Happens weekly. The banks and primary dealers are named in this document at the bottom. Usually the secondary market interest is 0.5% to 1.5% less than the primary market. Basically, the interest rate you will get is about 0.5% to 1.5% less than the auction rate. Difference is the commission of the bank or primary dealer. www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/notices/notice_20220422_rs_87500_mn_treasury_bills_are_to_be_issued_through_auctions_on_27_april_2022_e.pdf
This is the next auction notice. T-Bill auctions happen every week on Tuesday or Wednesday. Bond auctions happens twice a month. You can buy repos anytime. The banks and primary dealers are named in this document at the bottom. Usually the secondary market interest is 0.5% to 1.5% less than the primary market. Basically, the interest rate you will get is about 0.5% to 1.5% less than the auction rate. Difference is the commission of the bank or primary dealer. www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/notices/notice_20220422_rs_87500_mn_treasury_bills_are_to_be_issued_through_auctions_on_27_april_2022_e.pdf
