How does Jiko make T-bills transactional?
T-bill agents automatically invest cash deposited into a Jiko Pocket directly in T-bills, in real time. When funds are deposited into a Jiko Pocket, they are swept through the client’s account at Jiko Bank, into their account at Jiko Securities (Jiko’s registered broker-dealer), and invested in T-bills in the client’s name.
T-bill agents automatically invest cash deposited into a Jiko Pocket directly in T-bills, in real time. When funds are deposited into a Jiko Pocket, they are swept through the client’s account at Jiko Bank, into their account at Jiko Securities (Jiko’s registered broker-dealer), and invested in T-bills in the client’s name. This sweep happens instantly upon deposit, giving clients seamless access to the safety and yield of direct T-bill ownership.
When funds are needed, T-bill agents automatically liquidate the nearest-maturity T-bill(s) to fulfill the withdrawal instantly, even outside traditional trading hours, ensuring client cash remains accessible without interruption.