Fahamu utajiri uliopo kwenye uwekezaji wa dhamana za Serikali (Treasury Bills & Bonds)

DEFINITION OF TREASURY BILL

A Treasury Bill is a debt instrument issued by the Government in exchange for lending it money. It is a debt instrument, which matures in less than a year and which can be negotiated and traded freely in the market or rediscounted at the Central Bank as a last resort. As such, Treasury Bills can be used for financing temporary revenue shortfalls in the Government's budget. On behalf of the Government, the Central Bank may sell Treasury Bills, with a view to transferring spending power from the public to the Government. The advantage of this approach is that it becomes unnecessary for the Central Bank to print additional money to finance Government expenditure, thereby greatly reducing the inflationary effect of financing the government deficit.

2.0 ADVANTAGES OF TREASURY BILLS

As an investment instrument, Treasury Bills have the following advantages:

(i) Treasury Bills are secure. There is no risk of losing on the investment.

(ii) They are transferable and negotiable.

(iii) They can be pledged as collateral.

(iv) The rate of return is competitive.

3.0 MARKET SET - UP PARTICIPATION AND TENDERING

Beginning August 1993, the Bank of Tanzania launched an Auction market for Treasury Bills.

3.1 Presently, the Bank of Tanzania is issuing Treasury Bills for maturities of 91, 182 and 364 days through Auctions . Auctions are held every Wednesday at 11.00 A.M. in room 104, 1st floor, BOT Head Office, with a minimum bid size of TZS 500,000, and in multiples of 10,000 thereafter.

3.2 Individuals, groups or institutions are invited to participate in the Auction by placing their bids in the tender boxes located at the BOT's ground floor, 10 Mirambo Street.

3.3 The Bank of Tanzania will be advertising in the press four days in advance the dates, at which it will invite the public to submit their bids to the Auction. The notice will state the total face value of the Bills to be auctioned in each maturity.

3.4 Those interested in bidding may obtain application forms to purchase Treasury Bills from the Domestic Markets Department at BOT Head Office, and at BOT Branches in Arusha, Mbeya , Mwanza and Zanzibar ( see sample attached herewith ).

3.5 Investors can submit their bids at BOT Headquarters or at nearby BOT branches in Arusha, Mbeya, Mwanza, and Zanzibar.

3.6 Bidders should clearly indicate their names in full, together with complete address and phone / fax numbers if available.

3.7 The Auctions will be conducted on a multiple price system basis, and the successful bidder will pay the price s/he quotes for the amounts of Bills s/he wants to purchase. The procedure is intended to give the market more influence in determining the prices and yields, at which Treasury Bills are traded. The winners will be listed, starting with the highest bid price, down to the lowest bid price that exhausts the amount of Treasury Bills offered for sale. The Bank of Tanzania, reserves the right to intervene in any of the auctions and to reject any or all the tenders, without giving any reasons.

3.8 The results of the Auction will be displayed at the BOT Head Office Notice Board and at all BOT Branches. Also, a press release will be issued indicating the tender amount, the number of bids, the amount allocated, the number of successful bids, the highest and lowest price, the weighted average price and yield.

3.9 Individual results will be made available (confidentially), immediately after the Auction on request.

4.0 OBJECTIVES OF THE TREASURY BILLS MARKET

Treasury Bill Auctions are primarily intended to mop up liquidity in the economy, and thereby, reduce the inflationary pressure, promote the development of a money market, and to provide finance for temporary shortfalls in government revenue. The introduction of the Auction market for Treasury Bills is an integral element in the country's process of liberalising the economy.

5.0 INTEREST RATE AND INTEREST COMPUTATIONS.

As a guide to potential investors, please take note of the following formula to be used in calculating the interest (yield ) rate on Treasury Bills.

Interest rate =( F - P) x 365 x100
P N

where F = 100,

P = price per 100 shillings and

N = Number of days to maturity.

Examples for 91 - day, 182 - day and 364 - day Bills are:

The yield for successful bidders at the hypothetical price of 93.10 obtained for 91-days Treasury Bills at an Auction would be 29.73% p.a., the yield obtained by successful bidders at the hypothetical price of 85.79 for 182-days Bills would be 33.22% p.a., while the yield obtained by successful bidders at the hypothetical price of 73.50 for 364-days Bills would be 36.15% p.a.

5.1 The BOT redeems the Treasury Bills free of tax. The income earned will be calculated as the difference between the face value of the bill and its cost. Below please find examples for 91-day , 182-day and 364 days Bills.

5.1.1 For 91- day Treasury Bills let us assume a hypothetical face value of TZS 500,000 at a price of 93.10. If the investor was successful in a tender, he/she will obtain Bills worth TZS 500,000, although he/she paid only TZS 465,500. On maturity, the Bank of Tanzania pays the face value of the Bill, resulting in interest earned = TZS 500,000 - 465,500 = TZS 34,500.

5.1.2 For 182 - day Treasury Bills, assume a hypothetical face value of TZS 500,000 at a price of 85.79. If the investor was successful in the tender, he/she will obtain Bills worth TZS 500,000, although he/she paid only TZS 428,950. On maturity the Bank of Tanzania pays the face value of the Bill, resulting in interest earned = 500,000 - 428,950 = 71,050.

5.1.3 For 364 - day Treasury Bills, assume a hypothetical face value of TZS 500,000 at a price of 73.50. If the investor was successful in the tender, he/she will obtain Bills worth TZS 500,000, although he/she paid only TZS 367,500. On maturity the Bank of Tanzania pays the face value of the bill resulting in interest earned = 500,000 - 367,500 = 132,500.

_________________________________________

Sample of the Tender Form

Name (print).........................................

Address................................................

Tel. .......................................................

Date......................................................

The Governor,

Bank of Tanzania,

P.O. Box 2939,



Dar Es Salaam.

Dear Sir,

RE: TENDER FOR PURCHASE OF TREASURY BILLS

AUCTION NO................... TO BE HELD ON.........................

I/We hereby tender for the purchase of ..................91................days Treasury Bills worth TZS.....1,000,000/=..............................................(in words).....One million only............................................................................................................................................................................... at a price of TZS...........93.10..................per TZS 100.00.

I/W e undertake to pay the price of the bidded Treasury Bills upon receipt of your notification that this bid has been successful.



Yours faithfully,



.....................sign......................................

_________________________________________

Sample of the Tender Forms

Name(PRINT)............................................

Address:......................................................

......................................................

Tel.No.........................................................

Date............................................................

Governor,

Bank of Tanzania,

P.O. BOX 2939,



Dar es Salaam.

Dear Sir,

Re: TENDER FOR PURCHASE OF TREASURY BILLS

AUCTION NO....................TO BE HELD ON.................

I/We hereby tender for the purchase of ................................................................................

days Treasury Bills worth Shs...............................................................................................

(in words).................................................................................................................at a price

of ....................................................................per Shs. 100.00 and in the denomination(s) indicated below:



* Denomination (for bids of TZS 50,000,000 and above.)

No.

Denomination (TShs)

Multiples

Total

1







2







3







4











Grand Total





I/We undertake to pay the price of the bidded Treasury Bills upon receipt of your notification that this has been successful.

Yours faithfully,

.........................................

* For each bid form the number of denominations should be based on the following range:

50,000,000 - 500,000,000 maximum number of denominations 4

510,000,000 - 1,000,000,000 maximum number of denominations 8

above 1,000,000,000 maximum number of denominations 10

In case of prorata, the number of certificates requested for should be issued in accordance with the amount allocated on prorata.

_________________________________________

6.0 PAYMENT PROCEDURE

6.1 Payment should be by bankers’ cheque only, drawn on the BOT – Domestic Accounts Department, P.O. Box 2939, Dar-es-Salaam.

6.2 Successful bidders are obliged to settle their bills within 48 hours after notification of the Auction Results at the Treasury Bill counter. Payments will, therefore be accepted from Thursday 8.30 A.M up to 3.00 P.M. Friday. Successful bidders will collect their certificates and other documents at the Treasury Bill counter 10 days after payment.

6.3 In case of non-compliance with the time limit for settling the bills, successful bidders will be disqualified from participation in the Auctions for a minimum period of one (1) month.

7.0 DISCOUNTING OF TREASURY BILLS

7.1 Premature rediscounting of Bills may be accepted at the discretion of the Bank of Tanzania, provided they mature within 180 days from the day of rediscounting by the Bank.

8.0 REDEMPTION

On maturity, Bills will be redeemed at the Bank of Tanzania Head

Office and the Branches by way of a cheque. Payment will be effected against the surrender of the certificates.

9.0 GUARANTEE

Under the Government Loans, Guarantees and Grants Act 1974, Part III on Local Loans, the Government of the United Republic of Tanzania has guaranteed all Government Securities, including Treasury Bills. The Act guarantees the Mainland Treasury Bills only and not SMZ.

10.0 ENQUIRIES CONCERNING FURTHER DETAILS SHOULD BE DIRECTED TO:

(i) Manager, Tel:G/L 110945-7

D/Line 114770/115128

Domestic Markets Department, Telex: 41024

Bank of Tanzania, Fax: 051-112537/112702

Dar-es-Salaam.

(ii) Branch Managers: BOT Branches in Arusha, Mwanza, Mbeya and Zanzibar.

Domestic Markets Department

Bank of Tanzania

April, 1998.



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BarTender said:
Lakini hii yote ni uwoga wa kuthubutu tu.

Yaani wataka sema umeshindwa kuinvest mpaka ukanunue hisa Katika taasisi za Serikali????

Yatupasa kuwa na fikra pana zaidi katika kujifunza nidhamu na pesa.

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Mkuu hisa hutolewa na kampuni, Serikali hutoa T bills na Bonds tu.


Kuna tofauti kubwa kati ya Bills/Bonds na Hisa za Kampuni, Tuwe na tabia ya kutafuta taarifa kabla ya kuanza kuponda Kitu. Huwezi amini juzi nilikuwa sijui Kitu chochote kuhusu hii biashara na nilikuwa very negative ila baada ya kujifunza humu na kutafuta taarifa walau nimekuwa tofauti kidogo




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BarTender said:
Lakini hii yote ni uwoga wa kuthubutu tu.

Yaani wataka sema umeshindwa kuinvest mpaka ukanunue hisa Katika taasisi za Serikali????

Yatupasa kuwa na fikra pana zaidi katika kujifunza nidhamu na pesa.

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We uliye invest umefaidika vipi !?
Tupe mrejesho ??

Ila kama unaongea vtu usivyovijua ni bora kukaa kimya!
"Uwoga wako ndo umaskini wako"

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BarTender said:
Lakini hii yote ni uwoga wa kuthubutu tu.

Yaani wataka sema umeshindwa kuinvest mpaka ukanunue hisa Katika taasisi za Serikali????

Yatupasa kuwa na fikra pana zaidi katika kujifunza nidhamu na pesa.

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Hivi kuinvest ni nini? Maana mi najua ni kuweka pesa/resource yoyote mahali ikazalisha na kununua hisa/bonds ni investment pia.
 
Davion Delmonte Jr. said:
UTAJIRI MKUBWA ULIOPO KWENYE UWEKEZAJI WA DHAMANA ZA SERIKALI

Uwekezaji kwenye dhamana za serikali umegawanyika makundi mawili.

i) Dhamana za muda mfupi (treasury bills)
ii) Dhamana za muda mrefu (treasury bonds)

Kwa nchi yetu ya Tanzania biashara ya dhamana za serikali inasimamiwa na Benki Kuu ya Tanzania (BOT) kwa niaba ya serikali ya Tanzania.

Dhamana za muda mfupi (treasury bills)
Hizi ni dhamana za muda mfupi ikimaanisha zinaiva ndani ya mwaka mmoja. Lengo kubwa hasa kwa serikali kuweka Treasury bills ni kupata fedha kwa ajili kukabiliana na mapungufu ya fedha katika bajeti na pale inapohitaji fedha kwa haraka.

Dhamana za muda mfupi zipo katika makundi manne kutegemea na mda zitakapoiva: ya siku 35, siku 91, siku 182 na siku 364.

Uwekezaji katika Treasury bill una faida zifuatazo kwa mwekezaji;
i)Hazina hatari yoyote kubwa (risk free) kwa mwekezaji na ni uwekezaji wa uhakika kwa sababu zinatolewa na serikali.

ii)Zaweza kuhamishika kutoka umiliki wa mtu mmoja kwenda kwa mwingine. Ikimaanisha pale mwekezaji anapotaka kuuza anaweza akafanya hivo.

iii)Zaweza kutumika kama dhamana za kuombea mikopo kwenye taasisi za fedha bila usumbufu wowote kwa sababu thamani ya treasury bill coupon haibadiliki kwa hiyo ni rahisi kwa taasisi za fedha kuzipa kipaumbele kutumika kwenye dhamana.

iv)Gawio ni kubwa pale unapowekeza kwenye treasury bills zaidi hata ya kuwekeza kwenye taasis yeyote ya fedha kupitia fixed deposits. (namaana ya kwamba riba katika treasury bills ni kubwa maradufu ya riba za benki)

Soko la treasury bills
Biashara na soko la treasury bills zinafanyika kwa njia mbili;

a) Soko la awali (primary market) hapa ni pale banki kuu ya Tanzania inapotoa kwa mara ya kwanza treasury bills kwa wawekezaji.

b) Soko la pili (secondary market) hii inahusisha kuuza na kununua treasury bills na hii inafanyika Dar es salaam stock exchange DSE. Hapa ndipo pale mtu anapotaka kuuza treasury bills anayoimiliki anaweza kwenda kuuza.

Kianzio cha kuwa mwekezaji wa moja kwa moja kwenye treasury bills kwa Tanzania ni sh. 5,000,000. Ina maana kwamba ukiwa na mtaji wa kuanzia milioni tano basi unaruhusiwa moja kwa moja kushiriki kwenye mnada wa treasury bills (treasury bills auction).

Kwa wawekezaji wa mtaji chini ya milioni tano basi wao watashiriki kwenye mnada kupitia primary dealers ambao kwa urahisi ni mabrokers na commercial banks

Primary dealers ambao wamethibitishwa na BOT ni hawa wafuatao (ambao wale wenye mitaji chini ya milioni tano watapitia kwao) Akiba Commercial Bank Ltd, Citibank (T) Ltd, CRDB Bank Ltd, Diamond Trust Bank (T) Ltd, Eurafrican Bank (T) Ltd.Exim Bank (T) Ltd. Habib African Bank Ltd. International Commercial Bank (T) Ltd. Kenya Commercial Bank (T) Ltd.NBC Limited. NMB Ltd. Stanbic Bank (T) Limited Standard Chartered Bank Ltd.Orbit Securities Co. Ltd. Rasilimali Limited Solomoni Securities Ltd. Core securities Ltd. Tanzania securities Ltd. Vertex International Securities.

Unapata vipi pesa kupitia dhamana za muda mfupi?
Serikali kupitia BOT inapotoa treasury bills zinakuwa katika mfumo wa zabuni ikimaanisha kwamba wawekezaji watatakiwa kwa mfano kusema watanunua kila shilingi 100 ya serikali kwa kiasi gani? (hatua hiyo ya kwanza inaitwa bidding)

Ili kupata faida kwa wawekezaji wanatakiwa kutoa bei ambayo ipo katika discout, ikiwa na maana mwekezaji anaweza kununua shilingi 100 ya serikali kwa shilingi 93 hivo mda wa kuiva ukifika atapata faida ya shilingi 7.

Mfano serikali imetoa treasury bills ya siku 365. Kisha mwekezaji akaweka bid ya kununua kila shilingi 100 kwa shilingi 75. Kama mwekezaji atafanikiwa kwenye zabuni hiyo atapata treasury bill yenye (face value) ya Tzs 100,000,000 ingawaje kiasi alichotoa ni Tzs 75,000,000 kwa sababu ndicho kiasi alicho bid katika kabrasha la zabuni yake.

Baada ya treasury bills kuiva yaani kutimia siku 365, mwekezaji atalipwa na BOT kiasi cha TZS 100,000,000 ambayo italeta faida ya (TZS 100,000,000-TZS 75,000,000= TZS 25,000,000). Hivo faida itakuwa ni TZS 25,000,000.

Ukiweka katika asilimia ni kama ifuatavyo;
- Kanuni ya kukokotoa riba katika treasury bills:
Riba=(F-P)/P ×(365×100)/N

F= face value ya treasury bills ambayo ni 100
P= bidding price ambayo ni 75 kama mfano unavosema
N= idadi ya siku treasury bills itapoiva mfano wetu ni siku 365

Riba= (100-75)/75 ×(365×100)/365
=0.3333×100
Riba = 33.33%

Ikiwa na maana kwa pesa ambayo utatoa kununua treasusry bills utapata gawio la asilimia 33.33% ndani ya siku 365 yaani mwaka mmoja tu.

Piga mahesabu kama umewekeza milioni 100 ambazo huna matumizi nazo ina maana baada ya siku 365 utakuwa na faida ya kama milioni 30 ambazo hata kujazitolea jasho.

Nataka pia kuwamegea siri kwamba mabenki ya kibiashara na wafanyabiashara wakubwa ndio wamekuwa wakitajirikia hapa kwani wao wanawekeza kuanzia bilioni na kwenda juu. Kwa hiyo unaweza kufikiri ni pesa kiasi gani wanatengeneza.
Kuna watanzania wengi sana wana mamilioni ya pension benki hizi ndizo fursa za kuchangamkia ambazo huwezi kuzisikia zikitangazwa kwa maana ndipo pesa ilipo.

Kama hujaelewa waweza acha comment yako hapa then ntakujibu..
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Noted,& thx

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Davion Delmonte Jr. said:
UTAJIRI MKUBWA ULIOPO KWENYE UWEKEZAJI WA DHAMANA ZA SERIKALI

Uwekezaji kwenye dhamana za serikali umegawanyika makundi mawili.

i) Dhamana za muda mfupi (treasury bills)
ii) Dhamana za muda mrefu (treasury bonds)

Kwa nchi yetu ya Tanzania biashara ya dhamana za serikali inasimamiwa na Benki Kuu ya Tanzania (BOT) kwa niaba ya serikali ya Tanzania.

Dhamana za muda mfupi (treasury bills)
Hizi ni dhamana za muda mfupi ikimaanisha zinaiva ndani ya mwaka mmoja. Lengo kubwa hasa kwa serikali kuweka Treasury bills ni kupata fedha kwa ajili kukabiliana na mapungufu ya fedha katika bajeti na pale inapohitaji fedha kwa haraka.

Dhamana za muda mfupi zipo katika makundi manne kutegemea na mda zitakapoiva: ya siku 35, siku 91, siku 182 na siku 364.

Uwekezaji katika Treasury bill una faida zifuatazo kwa mwekezaji;
i)Hazina hatari yoyote kubwa (risk free) kwa mwekezaji na ni uwekezaji wa uhakika kwa sababu zinatolewa na serikali.

ii)Zaweza kuhamishika kutoka umiliki wa mtu mmoja kwenda kwa mwingine. Ikimaanisha pale mwekezaji anapotaka kuuza anaweza akafanya hivo.

iii)Zaweza kutumika kama dhamana za kuombea mikopo kwenye taasisi za fedha bila usumbufu wowote kwa sababu thamani ya treasury bill coupon haibadiliki kwa hiyo ni rahisi kwa taasisi za fedha kuzipa kipaumbele kutumika kwenye dhamana.

iv)Gawio ni kubwa pale unapowekeza kwenye treasury bills zaidi hata ya kuwekeza kwenye taasis yeyote ya fedha kupitia fixed deposits. (namaana ya kwamba riba katika treasury bills ni kubwa maradufu ya riba za benki)

Soko la treasury bills
Biashara na soko la treasury bills zinafanyika kwa njia mbili;

a) Soko la awali (primary market) hapa ni pale banki kuu ya Tanzania inapotoa kwa mara ya kwanza treasury bills kwa wawekezaji.

b) Soko la pili (secondary market) hii inahusisha kuuza na kununua treasury bills na hii inafanyika Dar es salaam stock exchange DSE. Hapa ndipo pale mtu anapotaka kuuza treasury bills anayoimiliki anaweza kwenda kuuza.

Kianzio cha kuwa mwekezaji wa moja kwa moja kwenye treasury bills kwa Tanzania ni sh. 5,000,000. Ina maana kwamba ukiwa na mtaji wa kuanzia milioni tano basi unaruhusiwa moja kwa moja kushiriki kwenye mnada wa treasury bills (treasury bills auction).

Kwa wawekezaji wa mtaji chini ya milioni tano basi wao watashiriki kwenye mnada kupitia primary dealers ambao kwa urahisi ni mabrokers na commercial banks

Primary dealers ambao wamethibitishwa na BOT ni hawa wafuatao (ambao wale wenye mitaji chini ya milioni tano watapitia kwao) Akiba Commercial Bank Ltd, Citibank (T) Ltd, CRDB Bank Ltd, Diamond Trust Bank (T) Ltd, Eurafrican Bank (T) Ltd.Exim Bank (T) Ltd. Habib African Bank Ltd. International Commercial Bank (T) Ltd. Kenya Commercial Bank (T) Ltd.NBC Limited. NMB Ltd. Stanbic Bank (T) Limited Standard Chartered Bank Ltd.Orbit Securities Co. Ltd. Rasilimali Limited Solomoni Securities Ltd. Core securities Ltd. Tanzania securities Ltd. Vertex International Securities.

Unapata vipi pesa kupitia dhamana za muda mfupi?
Serikali kupitia BOT inapotoa treasury bills zinakuwa katika mfumo wa zabuni ikimaanisha kwamba wawekezaji watatakiwa kwa mfano kusema watanunua kila shilingi 100 ya serikali kwa kiasi gani? (hatua hiyo ya kwanza inaitwa bidding)

Ili kupata faida kwa wawekezaji wanatakiwa kutoa bei ambayo ipo katika discout, ikiwa na maana mwekezaji anaweza kununua shilingi 100 ya serikali kwa shilingi 93 hivo mda wa kuiva ukifika atapata faida ya shilingi 7.

Mfano serikali imetoa treasury bills ya siku 365. Kisha mwekezaji akaweka bid ya kununua kila shilingi 100 kwa shilingi 75. Kama mwekezaji atafanikiwa kwenye zabuni hiyo atapata treasury bill yenye (face value) ya Tzs 100,000,000 ingawaje kiasi alichotoa ni Tzs 75,000,000 kwa sababu ndicho kiasi alicho bid katika kabrasha la zabuni yake.

Baada ya treasury bills kuiva yaani kutimia siku 365, mwekezaji atalipwa na BOT kiasi cha TZS 100,000,000 ambayo italeta faida ya (TZS 100,000,000-TZS 75,000,000= TZS 25,000,000). Hivo faida itakuwa ni TZS 25,000,000.

Ukiweka katika asilimia ni kama ifuatavyo;
- Kanuni ya kukokotoa riba katika treasury bills:
Riba=(F-P)/P ×(365×100)/N

F= face value ya treasury bills ambayo ni 100
P= bidding price ambayo ni 75 kama mfano unavosema
N= idadi ya siku treasury bills itapoiva mfano wetu ni siku 365

Riba= (100-75)/75 ×(365×100)/365
=0.3333×100
Riba = 33.33%

Ikiwa na maana kwa pesa ambayo utatoa kununua treasusry bills utapata gawio la asilimia 33.33% ndani ya siku 365 yaani mwaka mmoja tu.

Piga mahesabu kama umewekeza milioni 100 ambazo huna matumizi nazo ina maana baada ya siku 365 utakuwa na faida ya kama milioni 30 ambazo hata kujazitolea jasho.

Nataka pia kuwamegea siri kwamba mabenki ya kibiashara na wafanyabiashara wakubwa ndio wamekuwa wakitajirikia hapa kwani wao wanawekeza kuanzia bilioni na kwenda juu. Kwa hiyo unaweza kufikiri ni pesa kiasi gani wanatengeneza.
Kuna watanzania wengi sana wana mamilioni ya pension benki hizi ndizo fursa za kuchangamkia ambazo huwezi kuzisikia zikitangazwa kwa maana ndipo pesa ilipo.

Kama hujaelewa waweza acha comment yako hapa then ntakujibu..
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Yes ni good investment na sababu ina very low risk lakini usisahau kuwaambia JF hiyo faida ina TAX na inflation ya TZ inafanya hii biashara kuwa unpredictable na nimesikia corruption in bidding process is rampant big cats wana insider information ambazo zinawaweka in advantage na minimum bidding amount ni kubwa sana kwa watanzania wengi kuingia kwenye hili soko, ila all in all ni good business kama una enough fund na uombe mungu inflation isile faida yako lakini is not a slam dunk
 
billtheKID said:
For those who interested,treasury bond issuance calendar ya mwaka huu wa fedha.

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Kuna post ni kama ulisema investment kwenye treasury bond beyond five years haina kodi, je ni sahihi? Na endapo nimeamua kuwekeza kwa miaka 15 je wanaweza kunipa faida kwa mwezi au miezi mitatu nikitaka au nitakuwa nasubiri mpaka mwisho wa mwaka? Nimejaribu kupiga kwa milioni mia mbili ikiwekezwa kwa miaka 15 maana yake kila mwaka itakuwa na faida ya 27,000,000. Sijui kama mahesabu yangu yako sahihi? Na kama yako sahihi swali langu la pili ni kuwa je wanaweza kunipa 2,250,000 kila mwezi kama faida yangu?
 
Manyovu said:
Kuna post ni kama ulisema investment kwenye treasury bond beyond five years haina kodi, je ni sahihi? Na endapo nimeamua kuwekeza kwa miaka 15 je wanaweza kunipa faida kwa mwezi au miezi mitatu nikitaka au nitakuwa nasubiri mpaka mwisho wa mwaka? Nimejaribu kupiga kwa milioni mia mbili ikiwekezwa kwa miaka 15 maana yake kila mwaka itakuwa na faida ya 27,000,000. Sijui kama mahesabu yangu yako sahihi? Na kama yako sahihi swali langu la pili ni kuwa je wanaweza kunipa 2,250,000 kila mwezi kama faida yangu?
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Mkuu kwa io pesa uko sahihi kwa upande wa interest ila kumbuka kuna faida umeiacha ya discount baada ya bid price yako kuwa successful kwenye mnada,,kwa upande wa malipo sheria znasema utalipwa kila baada ya six months hapo utalipwa half ya 27m six months apart boss!..

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billtheKID said:
Kushiriki T bills na bond kuna soko la kwanza na la upili.
1.Soko la kwanza ni kupitia primary dealers(commercial banks na brokers) hawa kazi yao ni kukufungulia CDS(central depository system) account kukusaidia kuhajaza bid application form ili uweze kushiriki kwenye auction/mnada ambao hufanywa electronically na hapa hakuna bias bid price yako ndo itakufanya ushinde au ushindwe labda ufanye non-competitive bidding.Sasa ikitokea umeshinda hawa dealers utawalipa service charges tu 30000/= na ukishindwa hauwalipi chochote.

2.Soko la upili ni endapo ushafanya uwekezaji then unazitaji pesa zako au kama ulichelewa mnada unaenda DSE kununua au kuuza.

Huu ni uwekezaji ambao ni risk free utegemee faida.Hii ni tofauti na uwekezaji katika hisa ambapo ww unakuwa mmiliki wa kampuni kwa % flani faida na hasara zinakuhusu.

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Mkuu nimekupata vizuri, nina swali kdg tu, hiyo CDS ni tofauti kwa instituion, namaanisha km ukishakuwa na CDS kwa kununua hisa, unafungua tena nyingine?
 
Koba said:
Yes ni good investment na sababu ina very low risk lakini usisahau kuwaambia JF hiyo faida ina TAX na inflation ya TZ inafanya hii biashara kuwa unpredictable na nimesikia corruption in bidding process is rampant big cats wana insider information ambazo zinawaweka in advantage na minimum bidding amount ni kubwa sana kwa watanzania wengi kuingia kwenye hili soko, ila all in all ni good business kama una enough fund na uombe mungu inflation isile faida yako lakini is not a slam dunk
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Yes, nami naona umetoa mawazo mazuri pia.
 
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