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Minimum amount of investment is P100,000 |
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Document issued to clients is a UCPB Confirmation of Sale (COS)
without recourse |
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Depending on the offering of the BTR, typical maturities of T-Bills
are 91 days, 182 days, and 364 days |
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The issue price would be the bids accepted by the BTR on auction
date. The winning bids will be based on the lowest Yield to Maturity
(YTM) tendered by banks and the succeeding lowest YTM as may be necessary
to cover the total amount offered. From time to time, the BTR rejects
all bids in the auction |
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Principal is paid in one lump sum on maturity date |
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Interest income and discounts shall be subject to the applicable
prevailing withholding tax |
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Interest is equivalent Yield to Maturity (YTM) of the discount
to the face value |
