Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Issuing Procedure
Treasury bills are sold using the auction procedure. The Treasury entertains both competitive and non-competitive tenders for T-Bills. Government securities firms, individuals, financial and non-financial companies usually participate in the bidding. In competitive bids, the quantity of desired T-bills are specified with lowest interest rates which the buyer is willing to accept. (However, treasury rules prohibit any single bidder from obtaining more than 35 percent of any new issue.) The competitive tenders are typically submitted by large investors, banks and securities dealers. The non-competitive bids are submitted by small investors and their bidding amount is limited to $1 million or less. A non-competitive bidder accepts the weighted average interest rate of the competitive bids and these bids state only the quantity of bills desired.
in UK, all new issues are scheduled and are made through auctions with the details being announced in advance. Private investors may bid for gilts at auctions on a non-competitive basis and receive the gilt at the weighted average of the price paid by successful competitive bidders. The minimum for this type of application is 1000 nominal of the gilt and the maximum is 500,000. Investors making non-competitive bids at the auction are asked to enclose a cheque for a specified amount per 100 nominal bid for. If the eventual price is less, the difference is refunded - if greater, a further payment will be asked for.
Question 1: (a) Briefly explain the Electronic Data Interchange (EDI), and list the benefits of EDI. (b) List and describe the main components of MACSS. (c) Explain brief
What are the types of Inventory cost? Explain the elements of inventory cost also. Types: 1. Ordering cost 2. Holding cost Elements: 1. Unit cost 2. Reordering
What are the benefits of “paying late” (but not too late) and how do companies attempt to do this? Since money has time value, the later cash is paid, but not as well late, the b
Global Sector Indixes Morgan Stanley Capital International (MSCI) measures the International and National performance. It launched All Country Sectors on January 30, 2001. MSCI
1. The Gulf had sales of AED 20,000,000 and cost of goods sold of AED 10,250,000. Selling and administrative expenses represented 8 percent of sales. Depreciation was 5 percent o
Value Index Numbers The value index number as described earlier is a combination index which combines price and quantity changes. Because of the difficulties experienced in pri
How does the market determine the fair value of a bond? The fair value of a bond is a present value of the bond's coupon interest payments plus the present value of the face va
This task must be completed in order from 1 to 11 as identified in both the Income Statement and the Balance Sheet. In addition, all answers must cite relevant supporting formulas
Define operating cycle and long and short operating cycle? Use of operating cycle? Can someone give me assistance on these questions??
What is the market risk premium in Spain at the present moment - the number which I have to use in the valuations? It is not possible to talk of "the" market premium for Spain.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd