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T-bill advise
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Impunity wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. 3M liquid cas...mmm, wazualets are watching. And that amount ivested today will give you KES. 550,241.10 come 24-Oct-2016. Not bad returns.... possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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maka wrote:Impunity wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. 3M liquid cas...mmm, wazualets are watching. And that amount ivested today will give you KES. 550,241.10 come 24-Oct-2016. Not bad returns.... Yep,considering the minimal risk involved...very few plots in Nairobi can give that return within a year but the risk in proti is so high plus liquidating a prot takes much time...even buying one. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/22/2015 Posts: 682
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mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Mike Ock wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today Mandate card zimeisha...hadi Monday... possunt quia posse videntur
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Rank: Member Joined: 8/17/2007 Posts: 294
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maka wrote:Mike Ock wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today Mandate card zimeisha...hadi Monday... Greek crisis scenario possible...
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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whiteowl wrote:kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!!  The only way you can survive a government bankruptcy is to have foreign currency under your mattress. The local currency will be severely devalued and the few banks still in operation will have a crazy withdrawal limit like $10/day..Kenya isn't bankrupt yet but give it a few years. But what is causing the sudden gain by the KES against the USD? Didn't it print 101.9/- yesterday? Feels like honey with the taste of bile.  “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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shiznit wrote:whiteowl wrote:kyukkamba wrote:..what will happen if the government goes bankrupt.... wengi wanaongea serkal inaelekea kufilisika... what will happen to the mirions i invest in Bills then the Gava. goes kaput!!!! The only way you can survive a government bankruptcy is to have foreign currency under your mattress. The local currency will be severely devalued and the few banks still in operation will have a crazy withdrawal limit like $10/day..Kenya isn't bankrupt yet but give it a few years. But what is causing the sudden gain by the KES against the USD? Didn't it print 101.9/- yesterday? Feels like honey with the t aste of bile. Liquidity squeeze means fewer shillings circulating and any scarce commodity tends to increase in value.It will continue appreciating possibly to below 90 and CBK would like it to stay there until we are done paying USD loans next year but the econ will bleed.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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maka wrote:Mike Ock wrote:mulla wrote:Mike Ock wrote:I want to sink 3m here, see what happens. Wazuans, please guide me through the process step by step First go to CBK and collect a CDS account opening form. From there its all self explanatory from the CBK website. Its not a complicated process as it may feel. Thanks, I'm going today Mandate card zimeisha...hadi Monday... Are you sure? I was there at 11am anyway left a long queue of clueless wannabes in matters T Bills/Bonds. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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How does one know your account has been opened? Do they notify you or you have to visit physically? "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Member Joined: 2/7/2014 Posts: 155
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Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Impunity wrote:jerry wrote:Impunity wrote:kasibitta wrote:Speculz wrote:How does one know your account has been opened? Do they notify you or you have to visit physically? @speculz.After seven days they are supposed to send you an email with your details.But being the govt style CBK, you better visit them and enquire after the seven days.They will then write for you on paper your CDS account number and Virtual account. I am still waiting for my details on email, more than two months later.Good thing , i did walk myself there and got it written for me. Let the guy walk to CBK and demand his CDS account as long as the 7 working days had elapsed,this is the gaaament he is dealing with. You will even be told that your resident bank has not responded with sijui SWIFT response and therefore you also need to head to your bank HQ and make some following there, kupata pesa sio rahisi hivyo. Two weeks later I'm waiting for a call from them, Meru CBK-CASH OFFICE! I left them with an application for one year T-Bill. By the time you get the CDS account the rates would have fallen back to 8%. Can you call them. @Wailer's prophesy is coming true?  Quote:This week the Central Bank of Kenya offered 182 and 364 Days Treasury Bills for a total of Kshs.8 Billion. The total number of bids received was 285 amounting to Kshs.19.197 Billion representing 479.94% subscription and 873 bids amounting to Kshs.40.90 Billion representing 1,022.51% subscription for 182 and 364 days, respectively. Bids accepted amounted to Kshs.5.60 Billion for 182 days and Kshs.7.07 Billion for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 21.028% for the 182-day and 21.212% for 364-day Treasury Bills. The other auction statistics are summarised in the table below. Yaani 1000% over-subscription...Kenyans with there peculiarity!!!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Kenyans with quick money ( remember quail eggs). I am sure this is what the Government wanted.
Now that they have the money the rate will drop drastically. What would you do with the money returned to you ?? or not accepted ?
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