This is a money market product that will provide a guaranteed yield at MPR + an agreed margin. It is a high yield investment product and is suited for those investors that are seeking guaranteed returns and very low risk on their investment.

Features

This fund will be invested in other money market instrument with a higher rate of return, fixed income securities including debt instruments.

The duration ranges from 91,180,270 to one year (365) days and above

On maturity of the investment, the principal and the accrued interest will be rolled over for another tenure except otherwise instructed by the client.

A 20 working days’ notice is required from the client if he wants to withdraw from the investment before maturity and this will attract a penalty charge of 50% on the prorated guaranteed return

The investment is entitled to a zero COT

Guaranteed return could be paid upfront if desired (for investments of N100m & above).