Explore Treasury packages
Bankers Acceptance
Backed by the bank’s guarantee
Maturities range from 30-270 days
Pays a premium over 91 day T-bill rate
Currency Swap
Is a currency trade with one currency converted into another and “swapped” back on a pre-determined date in the future.
Effective cash management tool
Gives customer the ability to bring forward or delay exiting transactions
Considerations against
Depending on the interest rate differential, there could be a change to the transaction
Margin/collateral requirement
Spot Deals
A currency trade settled within two business days of transacting:
• Same day, next day, spot
Simplicity
Flexibility
Ability to take full advantage of favourable market moves
Generally, no collateral requirements.
Forward
A currency trade with the exchange rate fixed today for settlement on a pre- determined date in the future
- Anything beyond two business days
• 100% protection against adverse currency moves
• Eliminates uncertainty
• Provides certainty and enhances ability to plan
Treasury Bills
Short term investment with a maximum investment period of 365 days.
• 91-day bill
• 182-day bill
• Part or all of investment may be withdrawn (at a discount) before maturity
• Roll-over option (with or without interest)
• Third party investment allowed.
Fixed Deposits
Placement of funds for a fixed period of time at an agreed rate.
- Maturities range from 30 days to 365 days
- Minimum deposit amount of GHS 5000
- Funds deposited are accessible only on maturity
- Third party investment allowed.
Call Accounts
Placement of funds with no specified maturity period
- Investor needs not have personal or corporate account
- Investor/depositor can terminate arrangement by giving due notice based on an agreed notice period
- Minimum deposit amount of GHS 50,000
- Part or full amount deposited accessible any day on notice.
Flexible Forward
Currency trade with the exchange rate fixed today where future settlement is within a pre-determined “draw-down period” of up to three months.
• Offers all the benefits of a forward, plus
• Effective cash management tool, through enhanced flexibility
• Unlimited draw-downs until contract has been fulfilled.
Commercial Papers
· May be under-written by the banks in certain cases
· Maturities range from 30-270 days