• Short term securities issued by Malawi government through the Reserve Bank Of Malawi

  • Bills issued in tenors of 91 days, 182 days and 273 days

  • Primary auction done every Friday and settlement effected every Thursday

  • FDH licensed to sell bills in bits to individual and corporate clients from a minimum of K100,000.00

  • Free of default risk because they are obligations by the government

  • High degree of liquidity, can easily be converted into cash at a low transactional cost.

  • Bid and Offer prices displayed in key daily papers and firm quotes available from dealers on request every working day.

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