FBN Merchant Bank
Merchant Bank Limited Services
Merchant Bank : We are innovative and client-focused, with strong industry and execution expertise to serve our diverse client base of high net-worth individuals, institutions, corporations and governments across a wide range of services.
BONDS AND GUARANTEES
We give support to our various corporate clients in the area of bonds and guarantees, giving the undertakings required to support fulfilment of contractual obligations. Our products include bid bonds, performance bonds, advance payment guarantees etc. With our support, our customers are able to meet up with the demands of various principals from the government and private sector for contract engagements
Our project finance offering provides funding support for projects and infrastructure development, with reliance on targeted cash flows. This provides flexible funding arrangements to meet identified project timelines
These specialised products are offered to corporates and are collateralised by assets ranging from inventory, machinery, equipment, real estate, etc. This solution offers emerging corporates access to cheaper and stable funding for the execution of their short to long term finance requirements.
NEGOTIABLE INSTRUMENTS (ISSUANCE, DISCOUNTING AND RE-DISCOUNTING)
Negotiable instruments such as promissory notes are used to raise funds by government and private institutions.
Companies may also issue notes to their contractors in promise of future payments. We offer discounting and rediscounting packages to our corporate customers looking to trade in their negotiable instruments for cash. In addition to this, we also engage with our corporate customers to identify which instrument is most suitable for their financing needs.
We offer and deliver a broad range of financial solutions, to meet the unique, wide and varying circumstances and desires of our clients. This is achieved through a team of professionals that possess a wealth of experience in their various fields – Our advisors will develop an investment plan that best fits your return and risk expectations, including opportunities to maximize your earnings.
Promisory Note Backed Investment (PNBI)
This is an investment in highly rated Commercial Papers with the added security of Kakawa Promissory Note. The yield on this investment type is optimal while the tenor is flexible (ranging from call to 365days). We will discuss your cash flow and expectations before advising you on the best tenor that suits your need.
Tenor: 30, 60, 91, 180, 365 days
Treasury Bill Backed Investment (TBBI)
An investment option that offers you utmost security as it is backed 100% by the Federal Government of Nigeria Treasury bills. It helps mitigate the re-discounting risk on Treasury bills by offering shorter tenors than what obtains in the primary market (i.e. call, 30 and 60 day tenors). This means that short tenures are available.
Tenor: 30, 60, 91, 180, 365 days
Government Bond Secured Investment (GBSI)
This product enables you to enjoy the security of investing in Federal Government Bonds at competitive rates with the added value of flexible and more shorter tenured investments i.e. without the compulsion of investing for the minimum tenor of 3 years. Kakawa gives you the option of investing for a minimum of 30days
Tenor: 30, 60, 91, 180, 365 days
Kakawa Easy Retirement Account (KERA)
The KERA is a product specially designed to meet your regular cash flow requirements at retirement. KERA provides an assurance that at retirement, your benefits can earn income for you that will replace your monthly salaries while in service. KERA prevents misapplication of your wealth now and beyond by appointing beneficiaries/ joint owners to the account.
Tenor: 365 days
Liquidity Multiplier Service(LMS)
The Kakawa LMS is a flexible investment opportunity which enables you to make withdrawals from your account when needed, and earn interest on your daily balances without any charges. We produce monthly statements on your account for ease of reconciliation and offer cheque pick-up services. Key features include:
Interest on daily balance
Funds secured by Treasury Bills
Manned by a highly motivated and top-notch team of trading experts, with state of the art trading technology, our securities trading group fuse the wisdom of the ages and tested tools to help you make more money in less time.
We are a leading player in the Nigerian Bonds Market. FBN Merchant Bank , We bring to bear on our trading activities the passion for excellence demonstrated by our milestones and accolades in the market. You can be rest assured of our commitment to provide solutions that will address your interests,
THE PD/MM SYSTEM
The Primary Dealer/Market Maker system was institutionalized to revive the hitherto moribund bonds market in Nigeria. Kakawa and fourteen other players were licensed to take up bonds at the primary market and actively trade these bonds at the secondary market. The bonds market has experienced huge success thus far and the regulators rely on Kakawa and other players to extend the frontiers of bonds trading in Nigeria.
THE TWO-WAY QUOTE SYSTEM
The Two Way Quote System is one that requires Banks to quote bid and offer prices and to deal on either regardless of its trading position. This is accepted as best practice internationally.
The Two Way Quote System has the potential of deepening the Nigerian Money Market. Firstly, it is a transparent means of trading, as players will be forced to show margins between their bid and offer rates. This reduces the likelihood of players making undue margins and forces the market to be competitive. Secondly, it creates a vibrant and liquid secondary market as players can buy and off load at anytime.
TREASURY BILL TRADING
We specialize in Treasury Bills trading. We do this by leveraging on our institutional knowledge, client relationship, expertise in fixed income to provide our customers with premier services.
Consequent upon the need to develop the money market in order to enhance the effectiveness of its monetary policy, the Central Bank of Nigeria (CBN) appointed Kakawa and nineteen other banks and discount houses as primary dealers/market makers for money market instruments.
The PD/MM in money market instruments was established to facilitate liquidity management, to deepen the money market and improve efficiency in trading and to create public awareness, thereby promoting the demand for these instruments.
Prior to being appointed as a PD/MM, Kakawa now called FBN Merchant Bank has been at the fore-front of packaging Treasury Bills derivatives, one way and two-way trading in Treasury Bills. We see this development as an opportunity to deepen our market and further satisfy our esteemed customers.
We actively trade short term instruments such as bankers’ acceptances (BAs) and commercial papers (CPs) of multinationals and other quoted companies. Merchant Bank FBN , offer our clients the opportunity to invest in these short term instruments while providing short term funds to issuers of these instruments.
FOREIGN EXCHANGE TRADING
Our evolution into Merchant Banking expanded the scope of our product offering to include Foreign Exchange. As a result we offer a wide range of Foreign exchange products and services to our clients
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