How do I know my Treasury bill purchase is complete, and where is my trade confirmation?

When an order is placed to purchase a treasury bill, you will receive a trade confirmation via email and accessible through the Public app and website.

To locate your Trade Confirmation:

Your Trade Confirmation will provide you with essential details regarding your purchase price or discount price, par value, and yield to maturity.

As highlighted above, you will see a value stated as a notional value. The notional value is the discount price or net cost of your purchase. This value reflects the total price paid for the treasury bill.

The quantity value listed on your trade confirmation is the par value or the value at maturity if held for the entire term. The difference between the notional value (net amount) and the quantity is your interest. T-bills are purchased at a discount.

It is important to note that the notional value and net amount listed on your trade confirmation may not match the transactional amount listed when you placed your buy order. The transaction value is fully transferred to your treasury account, and any excess funds are held in cash. T-bills are purchased in increments of $100; if there is not enough cash to buy another T-bill, it will remain as cash and will not earn interest.

You will also see your yield to maturity confirmed on your trade confirmation. This rate is based on an annualized yield. Your T-bill has a 26-week maturity and is set to reinvest at maturity automatically.

Currently, we do not offer a way to prevent the automatic reinvestment of your T-bill. If you want to liquidate the position at the end of the 26-week term, you can place the order– the business day before the maturity date, and the order needs to be received before 5:30 p.m. EST. Not including weekends and holidays.

What if I want to take funds out before maturity from my T-bill?

You can sell your T-bill anytime, both before and after the reinvestment. We do not charge a penalty if you sell ahead of the maturity date, and this will be sold at market price, which could be more, less, or the same as the value at full maturity.

How do I withdraw my Treasury bills at maturity? Should I need to?

If you have a T-bill maturing, it will automatically roll over unless you place a sell. To withdraw a T-bill at maturity, place a sell trade the business day prior, between 10 a.m. - 5:30 p.m. EST. Note that trades are not available on the weekend.

For further questions, please contact our member support team via the in-app chat or email at support@public.com.

Disclosures:

© Copyright 2023 Public Holdings, Inc. All Rights Reserved.

Free trading refers to $0 commissions for Open to the Public Investing, Inc Financial self-directed individual cash brokerage accounts that trade U.S. listed securities via mobile devices. Relevant SEC & FINRA fees may apply. Please see our Commission and Fee Schedule.

This is not an offer, solicitation of an offer or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Open to the Public Investing, Inc is not registered.

Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value.

All U.S. Treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank.

Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.