Associated Commercial Bills Investment Scheme (ACBIS) is an intermediation product designed to provide high grade, higher yield investment outlets to investor. It equally provides a funding pool to investors and reputable corporate organizations requiring short term liquidity support..
Features
- Minimum investment of N5, 000, 000
Pricing: Negotiable
Tenor: Minimum of 30 days
Security: Backed by investment grade financial instruments issued by major reputable companies in Nigeria
Liquidity: Can be rediscounted at an agreed fee after 30 days of investment
Custodial Arrangement: The original securities (investment grade financial instrument) will be held in custody by ADH. The investor will get a letter from ADH confirming the investment
Benefits
- Zero charges: COT, Withholding Tax, Vat
- Attractive return on investment
- Defined future value of investment known in advance
- Liquidity / flexibility: Convertible to cash on demand (with penalty on interest portion only)