{ TREASURY BILLS

Treasury Bills in
the Philippines
(1) What is Treasury Bills
-A government securities
which mature in less than a
year
-There are three tenors of
Treasury Bills
(2) Who Sells?
-the government/republic of
the Philippines
(3) Who can buy T bills
a. Individuals
b. Foreign Investors
c. Corporations
(4) How T bills work?
(5) Usual Intermediaries
a. dealer/broker
b. online website
c. banks/local banks
examples:
-PNB
-BDO
-BPI
-Metrobank
(6) How to invest
Treasury Bills in U.S
(1) What is Treasury Bills?
-a short term obligation
backed by the Treasury
Department of the U.S.
government with a maturity
of less than 1 year
-sold in denominations of
$1,000 up to maximum
purchase of $55 million on
non-competitive bids
(2) Who sells?
-U.S government
(3) Who can buy T bills?
a. Individuals
b. Foreign Investors
c. Corporations (pension
funds, banks, retirement
funds, insurance companie)
(4) How does T bills work?
(5) Usual Intermediaries
a. Online Website
(TreasuryDirect)
b. Banks
c. Brokers
d. Secondary market
(6) How to purchase?
a. Non competitive bid auctions
b. Competitive bidding auctions
c. Secondary Markets