Body

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.

Negotiable Handling Charges.
Competitive Interest Rate.
Minimum balance of N1,000, 000.00 at any point in time.
Third party cheques belonging to the account holder can be cleared through the account.
To make a withdrawal you only have to fax your instruction to us to process, the hard copy will be brought in when collecting the cheque.
Transaction can also be effected through NIBSS at your request.
Transaction and balances can be accessed 24 hours / 7 days via the Internet on Express On-line.

Minimum amount is N1 million – Corporate Clients, N250, 000.00 – Individual Clients.
Rates may vary in line with prevailing market conditions at the point of placing funds, but shall remain competitive.

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.