Common types of fees
The fee charged by your intermediary for processing your investment. It may vary depending on:
Under the ESX fee schedule, the maximum brokerage fee on a Treasury Bill is 0.1%, alongside a 0.021% transaction fee that ESX members and trading participants collect and transfer.
You'll be charged bank transaction fees depending on your banking arrangement. Interbank transactions may cost more.
Certain settlement or transfer-related costs may apply, depending on the intermediary and market infrastructure arrangements.
Why fees matter
Fees reduce your final return. For example, on a 100,000 face-value 91-day bill at 12%, the discounted amount is about ETB 97,095.13, and a 0.1% brokerage fee is about ETB 97.10:
Estimate your costs with the calculator
See your net return before you bid
The T-Bill Calculator lets you estimate:
Questions to ask your intermediary
Before participating, consider asking:
Good to know
However, brokerage or transaction-related fees may still apply, so factor those into your net return.
Things to consider
Fee differences can affect your final earnings.
It can be useful to compare pricing and service quality across intermediaries.
Support quality, reliability, and transaction experience may also matter.