Noncompetitive bid

(redirected from Non-Competitive Bids)

Noncompetitive bid

In a Treasury auction, bidding for a specific amount of securities at the price, whatever it may turn out to be, equal to the average price of the accepted competitive bids.

Noncompetitive Bid

One of two bidding processes for buying Treasury securities and some other debt securities, in which the investor agrees to purchase a certain number of securities at the average price of all competitive bids over a given time. The noncompetitive bid process allows smaller investors to buy Treasury securities in a market that would otherwise be dominated by wealthy institutional investors. The minimum price in a noncompetitive bid is $10,000.

noncompetitive bid

A method of purchasing U.S. Treasury bills at the weekly public auction without having to submit a price. With a noncompetitive bid, the investor agrees to purchase a given amount of securities (a minimum of $10,000 and a maximum of $500,000) at the average price set at the auction. Noncompetitive bids permit small investors to participate in the auction.

Noncompetitive bid.

Investors who can't or don't wish to meet the minimum purchase requirements for competitive bidding on Treasury bills or notes may enter a noncompetitive bid.

You can invest as little as $1,000 or as much as $5 million in each new issue through Treasury Direct. Treasury Direct is a system that allows you to buy government securities without going through a bank or a brokerage firm.

The Treasury sells T-bills, for example, to all noncompetitive buyers whose bids arrive by the weekly deadline, for a price equal to what competitive bidders pay for that week's issue.

A noncompetitive bid may also be known as a noncompetitive tender.

References in periodicals archive ?
The non-competitive bids should be submitted between 10.
An official release by the Ministry of Fiance said that both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on January 29, 2014.
0 billion euros as it will accept additional non-competitive bids of up to 30% of the auctioned amount by Aug.
PDs will be allowed to submit Non-competitive Bids (NCBs) for both MTBs and PIBs.
It proposes preventing large firms from partnering with Native corporations for non-competitive bids, one of the most controversial provisions in the current program.
The new revision stipulates an updated procedure for noncompetitive bids: if banks do not file any competitive bids in a credit auction, CBR has right to meet non-competitive bids at a minimum interest rate set for the relevant auction.
2 billion euros in total, but also accepted 180 million euros in non-competitive bids for each T-bill, bringing the total raised to 1.
Perciavalle and his co-conspirators took steps to create the appearance that Mount Sinai was awarding contracts based on competition, when, in fact, they submitted, or caused to be submitted, intentionally high, non-competitive bids to Mount Sinai on these contracts.
Horse race body farms out most contracts via non-competitive bids
Those submitting non-competitive bids or bids that are longer than the clearing extension period will not be subject to proration.
0 billion euros from the sale as it will accept additional non-competitive bids of up to 60% of the auctioned amount by August 16.
Between August 2003 and January 2004, the conspirators submitted non-competitive bids to the U.