Money Market Products | | | | | Money market products (T-bills, Commercial Paper and Banker’s Acceptances) are short-term fixed-income products that are sold at a discount and then mature at face value. The difference between your purchase price and par value is your return.Learn more about: * T-Bills * Banker’s Acceptances (BAs) * Commercial Paper * Crown Corporate PaperT-Bills * What are they?
Treasury Bills (T-bills) are short-term debt instruments issued by both the US and Canadian governments. Similar to Federal T-bills, Provincial T-bills and promissory notes are backed in full by the issuing province. Their many attractive features make T-bills popular investment vehicles for individual, institutional, and corporate investors. T-bills offer the highest possible level of financial security. * Term/Liquidity
T-bills have a maturity of one year or less and are issued in maturity terms of 30 days, 60 days, 90 days, 6 months, or one year. T-bills are highly liquid and many investors choose to hold them instead of holding cash. They may be sold at any time. * Risk/Return
T-bills are considered very safe because they are fully guaranteed by the issuing government, however; they offer considerably lower returns than most other securities. * Minimum Investment Amount
The minimum Par Value for purchasing a T-Bill is $10,000.00, trading in increments of $1,000.00. * Income
The difference between your purchase price and par value is your return, and is considered interest income.Bankers Acceptances (BAs) * What are they?
BAs are short-term credit investments created by a corporate borrower for payment on a specified future date. BAs are "accepted" or guaranteed at maturity by banks and represent one of the most popular combinations of safety, liquidity, and risk for short-term investors. * Minimum Investment Amount
The minimum