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Treasury Bills Due Date Query?
selah
#1 Posted : Wednesday, June 26, 2013 10:53:25 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?

'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
cnn
#2 Posted : Wednesday, June 26, 2013 11:12:47 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?


If the maturity date was 24th,they should not stay with your money a single day longer than the 91 days unless the day falls on a public holiday.They send payments ON the day.
I am assuming you gave your correct account details and there were no rollover instructions.Or is the situation so dire they have started defaulting on domestic debt?
selah
#3 Posted : Wednesday, June 26, 2013 11:28:14 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@cnn The maturity date was 24th and I have not issued any rollover instructions....I have never seen such a delay b4. My calls are not being picked. Let me try again and see whats up.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Magigi
#4 Posted : Wednesday, June 26, 2013 11:50:54 AM
Rank: Elder


Joined: 3/31/2008
Posts: 7,081
Location: Kenya
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?

...Did the same to me...I had to call them to remind them.
Pesa Nane
#5 Posted : Wednesday, June 26, 2013 12:13:50 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?

Usually no delays. Problem somewhere. The earlier you start your queries the better. I'd start with the bankers. smile
Pesa Nane plans to be shilingi when he grows up.
selah
#6 Posted : Wednesday, June 26, 2013 1:21:10 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The problem was with the bank.They have sorted out the issue.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Pesa Nane
#7 Posted : Thursday, June 27, 2013 9:51:11 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
selah wrote:
The problem was with the bank.They have sorted out the issue.

Good for you! And, oh, that 10.5% was double what the last T-bill is paying Applause Applause
Pesa Nane plans to be shilingi when he grows up.
selah
#8 Posted : Thursday, June 27, 2013 11:25:34 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Pesa Nane wrote:
selah wrote:
The problem was with the bank.They have sorted out the issue.

Good for you! And, oh, that 10.5% was double what the last T-bill is paying Applause Applause


Yeah in three months the damn thing has gone down like crazy.

I am waiting for another bus I suspect the next bus will be in currencies....We might see another Hit on the Ksh.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
Pesa Nane
#9 Posted : Thursday, June 27, 2013 12:12:17 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
selah wrote:
Pesa Nane wrote:
selah wrote:
The problem was with the bank.They have sorted out the issue.

Good for you! And, oh, that 10.5% was double what the last T-bill is paying Applause Applause


Yeah in three months the damn thing has gone down like crazy.

I am waiting for another bus I suspect the next bus will be in currencies....We might see another Hit on the Ksh.

Holding position. smile Got greedy and missed out the last party (slap slap) Sad
Pesa Nane plans to be shilingi when he grows up.
maina20
#10 Posted : Wednesday, August 14, 2013 1:54:27 PM
Rank: Member


Joined: 7/21/2010
Posts: 249
Location: nairobi
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?


Sela, i would like to invest in T billls....where do I start?
..desire to succeed is always fighting with fear of failure..
Magigi
#11 Posted : Wednesday, August 14, 2013 2:42:02 PM
Rank: Elder


Joined: 3/31/2008
Posts: 7,081
Location: Kenya
maina20 wrote:
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?


Sela, i would like to invest in T billls....where do I start?

Its all here... http://www.centralbank.g...l-markets/treasury-bill

Last auction was 10.406%...Not bad! Better rush
holycow
#12 Posted : Wednesday, August 14, 2013 2:46:19 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 971
Location: Home
Magigi wrote:
maina20 wrote:
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?


Sela, i would like to invest in T billls....where do I start?

Its all here... http://www.centralbank.g...l-markets/treasury-bill

Last auction was 10.406%...Not bad! Better rush


And here ----> http://www.wazua.co.ke/forum.aspx?g=posts&t=15469
maina20
#13 Posted : Wednesday, August 14, 2013 3:32:12 PM
Rank: Member


Joined: 7/21/2010
Posts: 249
Location: nairobi
holycow wrote:
Magigi wrote:
maina20 wrote:
selah wrote:
I had invested in a 91 day treasury bill due date was 24 June 2013. CBK is yet to credit my account 2 days after the due date.How long does it take after the due date for CBK to wire back the money?


Sela, i would like to invest in T billls....where do I start?

Its all here... http://www.centralbank.g...l-markets/treasury-bill

Last auction was 10.406%...Not bad! Better rush


And here ----> http://www.wazua.co.ke/forum.aspx?g=posts&t=15469

asante!!
..desire to succeed is always fighting with fear of failure..
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