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As a discount house, EDL is primarily a funds manager with access to various investment opportunities in both the money and discount markets. Hence, we are adequately positioned to manage your pension funds portfolio, diversifying the risks and obtaining an optimal mix of yield and security. With the professional competence of our dealers, the safety of your funds is assured. The returns to you are equally competitive and attractive.

If your company has a privately managed pension fund scheme, usually there is a statutory requirement (for year end purposes) to hold a certain percentage of your portfolio in treasury bills. EDL could sell Treasury Bills to you for that purpose and repurchase thereafter.

EVA stands for Express Value Account and is hinged on the financial economic concept of Economic Value Added for wealth creation.

Rate - Very competitive, in line with the money market. Also enhanced by the fact that it does not attract withholding tax.

Safety - The investment will be backed by a combination of treasury bills and commercial instruments from AAA rated blue chip companies and usually with an underlying bank guarantee.

This product, Special Timing Fund Account, is a fund management scheme designed to assist our clients in managing their cash flows more efficiently. The product will enable you to make your funds work for you, rather than being “idle” in a current account with a Commercial or Merchant bank.

Customised cheque book for each customer. The cheques will be presentable for clearing through a third party’s account (the payee) or for cash @ EDL office.
Monthly accounts statement to be issued to customers.
Maximum daily cash withdrawal limit of N200, 000.00.
Withdrawal in excess of above limit to be paid by a correspondent bank.
Interest is to be paid and compounded monthly.
Minimum balance of N100, 000.00 - Individual and N250, 000.00 - Corporate to attract interest of 5% p.a.
The account is to be COT free for individuals but N1.5 per mille for corporates (negotiable)
Bank draft is to be issued on customer’s request

Account opening balance is N5 million – Corporate Clients, N100, 000.00 – Individual Clients.

Benefits
Your organization can optimize the earnings on such funds depending on the amount invested and tenor, while maintaining your liquidity because of the flexibility of the scheme. Hence, STF account guarantees you safety, liquidity and high yield on the monies you place in scheme. Our efficient delivery and superior service will ensure that your withdrawals are effected promptly without compromising the security of your funds.

Funds can be placed on Call Deposit with EDL at competitive rates.
These funds can be recalled by giving a 24-hour notice on any working day.