Spiko Treasury Bills

Every business day, the fund's administrator calculates the value of the Treasury Bills in the portfolio, which sets the daily interest rate. On Mondays, the interest is tripled to cover the weekend.

Daily liquidity is contractually guaranteed by the fund's prospectus. Spiko Dollar invests exclusively in U.S. Treasury Bills, whose market is the most liquid in the world after the foreign exchange market, making it easy to meet withdrawal requests.

Your funds are backed by U.S. Treasury Bills and would only be at risk in the unlikely event that the Federal government of the United States defaults on its short-term debt. We back your money with Treasury Bills rather than bank deposits because we believe a sovereign guarantee is stronger than any bank guarantee.

First and foremost, you have no financial exposure to Spiko’s insolvency, as your funds are never on Spiko’s balance sheet. When you deposit funds, they are transferred directly from your checking account to the depositary bank. Likewise, withdrawals are sent straight from the depositary bank to your designated bank account. The account must be in your name, as Spiko cannot be used as a payment method.

That said, Spiko’s insolvency could affect you operationally, as the platform might no longer be available for placing withdrawal orders, for example. Fortunately, Spiko’s products are regulated and supervised by the French Financial Markets Authority (AMF), and their operation does not depend on the distributor. In practice, you can always place your withdrawal orders through the management company by phone or email.

The only fee for using Spiko is a 0.25% annual management fee on your deposited funds, deducted daily on a prorated basis. The interest you see each day is always shown after this fee has been deducted. You have no fees associated with having an account open at Spiko. You also have no transaction fees on your deposits and withdrawals. Finally, you also have no custody fees.

Absolutely! You can create an account and start using Spiko right away. If you own a company, you can manage personal and business accounts from a single interface. Each account remains separate, so funds cannot be mixed.

Daily liquidity is contractually guaranteed by the fund's prospectus. In practice, the market for Treasury Bills is the second most liquid in the financial system, right after the forex market. This liquidity lets us sell Treasury Bills in large quantities, ensuring we can meet any withdrawal request.

You can find the prospectus and the key information document (KID) here.