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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » TB Rates down

TB Rates down

+6
rainmaker
pathfinder
balapas
UKboy
Redbulls
hariesha
10 posters

Go down  Message [Page 1 of 1]

1TB Rates down Empty TB Rates down Wed Jun 26, 2013 1:27 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

After couple of auctions with flat rates today there's a considerable reduction in 6 month and 1 year rates.
 
180 days - down by 10 bps
365 days - down by 19 bps

http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20130626eb.pdf

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Benchmark Treasury bill yields fell across the longer tenures on Wednesday after the Central Bank cut the statutory reserve ratio (SRR) by 200 basis points to 6 percent.

The Public Debt Department of the Central Bank offered maturing bills amounting to Rs. 12 billion at yesterday’s primary market auction for which bids amounted to Rs. 54.7 billion.

The bank accepted bids amounting to Rs, 42.4 billion.

The six month Treasury bill yields eased by 10 basis points to 9.70 percent and the 12-month yield eased 19 basis points to 10.66 percent. The three month yield was unchanged at 8.66 percent.

The Central Bank cut the SRR by 200 basis points to 6 percent in an effort to bring down market lending rates and boost private sector credit growth and the economy (see today’s lead story).
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=82244

3TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 3:25 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

4TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 3:58 pm

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Arpico Finance is quite good. I have deposits with them for sometime. Their rates are the highest that I have found http://www.arpicofinance.com/html/products_fixed.htm 
Good company and growing fast with Micro finance. Major shareholders are Alliance finance subsidiaries holding more than 60% and third DP.

5TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 4:19 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

LOLC, CDB, TKS

6TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 4:39 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

thanks balaps & hariesha

Yes Arpico finance looks good.

hariesha
I never heard about TKS. That's something new to me. But their rates are good.

used to deposit in central finance but their recent rates r nt the best.
Then ET , Now its a bit wobbly.

7TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 4:58 pm

pathfinder

pathfinder
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Try with LOFC 13mths +14%

8TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 5:02 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

balapas wrote:
UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Arpico Finance is quite good. I have deposits with them for sometime. Their rates are the highest that I have found http://www.arpicofinance.com/html/products_fixed.htm 
Good company and growing fast with Micro finance. Major shareholders are Alliance finance subsidiaries holding more than 60% and third DP.

Hope you have a strong frame or some Thuggish friends if you deposit in that place Razz

9TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 5:13 pm

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

rainmaker wrote:
balapas wrote:
UKboy wrote:Hi Guys, Do you know any financial company gives you 15% + (or a mini of 14%) fixed monthly return for a less than 18 months deposit? (If you have a senior citizen as a joint deposit holder). It has to be a registered company under CB.

So far I found only valibell finance.

Arpico Finance is quite good. I have deposits with them for sometime. Their rates are the highest that I have found http://www.arpicofinance.com/html/products_fixed.htm 
Good company and growing fast with Micro finance. Major shareholders are Alliance finance subsidiaries holding more than 60% and third DP.

Hope you have a strong frame or some Thuggish friends if you deposit in that place Razz

I had no issue withdrawing my deposits upon maturity.

10TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 5:19 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

balapas wrote:
rainmaker wrote:

Hope you have a strong frame or some Thuggish friends if you deposit in that place Razz

I had no issue withdrawing my deposits upon maturity.  

Because of your thuggish friends or because of your strong frame?

11TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 6:07 pm

smayadunne


Senior Equity Analytic
Senior Equity Analytic

hey,

y dont u try for debentures..?

just try ..Heleys will offer AER 15%+

12TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 8:48 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

CBSL imposes ceiling on Finance companies over the maximum interest rate that they can pay to their customers. Ceiling is xx% interest for 12 month or less deposits. xx% + 3% for over 12 months deposits.
Therefore those are the boundaries that LFC can play. But some LFC offers 13 Month fixed deposits, so that they can give the maximum interest under CBSL's boundaries.

So shop around and see who offers such products.

13TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 9:12 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

smayadunne wrote:hey,

y dont u try for debentures..?

just try ..Heleys will offer AER 15%+

Yes, applying for listed debentures would be handy at this point. I applied Commercial Credit debentures at 21 % p.a. few months back, but unfortunately smaller quantity. Even HAYL debentures at 14.25 % looks better with this trend. But I do not know whether they are tradable in near future or we have to hold upto maturity.

However debentures always rank below the Fixed doposits.

14TB Rates down Empty Re: TB Rates down Thu Jun 27, 2013 10:32 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Jiggysaurus wrote:
balapas wrote:
rainmaker wrote:

Hope you have a strong frame or some Thuggish friends if you deposit in that place Razz

I had no issue withdrawing my deposits upon maturity.  

Because of your thuggish friends or because of your strong frame?

Also helps if you have a Thug girlfriend...... sometimes more effective Wink

15TB Rates down Empty Re: TB Rates down Fri Jun 28, 2013 8:12 am

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

rainmaker wrote:
Jiggysaurus wrote:
balapas wrote:
rainmaker wrote:

Hope you have a strong frame or some Thuggish friends if you deposit in that place Razz

I had no issue withdrawing my deposits upon maturity.  

Because of your thuggish friends or because of your strong frame?

Also helps if you have a Thug girlfriend...... sometimes more effective Wink

There is a nice lady at the FD section who will fill all forms so just need to sign forms Very Happy I know the good guys and the thugs there. Need thugs in the recovery team when giving leases to 3 wheeler guys. Thats where you get the thugs. Can hire for personal recoveries also they do a good job. Laughing

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