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  1. The Y-man

    Still trying to understand bank bills

    Luce, You take out $270k from LOC at 5.5%. You buy a 180 day bank bill for $270,000 At the end of 180 days you sell it for the (maturity) face value of $300,00 You pay back the loan of $270k PLUS $7,425 in interest You pocket $300k - $270k - $7.425k = $22.575k profit. The Y-man
  2. The Y-man

    Still trying to understand bank bills

    I think Scott might talking about loans that are linked to the BB swap rate http://www.westpac.com.au/business-banking/business-loans/commercial-business-loans/bank-bill-business-loan/ The Y-man
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