Spiko Treasury Bills
Earn daily yield from Treasury bills.
Key figures
*Annualized net yield (after fees) over the past 31 days. Yields are updated daily and may vary slightly depending on Treasury yields. Past performance is not indicative of future results
Your security is our priority
Your cash is invested exclusively in the safest financial assets available: short-term Treasury bills from core Eurozone countries. Furthermore, your funds are safeguarded by one of the world’s largest custodian banks. Spiko itself never holds your money.
Our partners
Depositary bankCACEIS, a subsidiary of the Crédit Agricole Group, acts as depositary bank and handles the accounting for Spiko T-Bills.
Statutory auditorPwC, acting as statutory auditor, conducts four audits annually of Spiko T-Bills' accounts to ensure their accuracy and compliance.
Product characteristics
- Official name
- Spiko EU T-Bills Money Market Fund
- Current net yield
- 2.35%
- Total assets
- 000
- Investment mandate
- Treasury Bills from core Eurozone countries
- ISIN
- FR001400ODL1
- Currency
- EUR (€)
- Management fees
- 0.25%
- Use of income
- Accumulating
- Minimum initial deposit
- €1
- Domicile
- France
- Launch date
- 15/05/2024
- Asset manager
- Twenty First Capital
- Supervisory authority
- French Financial Markets Authority (AMF)Verify approval →
FAQ
How do you calculate daily interest?
An independent third party - the accountant of Crédit Agricole’s custody arm - handles the calculations. Every business day, the fund’s Treasury Bill portfolio is marked to market. Your position is represented by shares with a daily-updated net asset value.
How do you provide daily access to my funds?
Daily liquidity is contractually guaranteed by the fund's prospectus. Spiko T-Bills EUR invests exclusively in Treasury Bills from core Eurozone countries, whose market is the most liquid in the world after the foreign exchange market, making it easy to meet withdrawal requests.
Are my funds fully protected?
Your funds are backed by Treasury Bills from core Eurozone countries and are at risk only in the unlikely event of a default by one of these countries. We back your money with Treasury Bills rather than bank deposits because we believe a sovereign guarantee is stronger than any bank guarantee.
How would I access my funds if Spiko goes bankrupt?
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.
What are the fees associated with using Spiko?
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.
Can I use Spiko as an individual?
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.
Where can I find the product’s legal documentation?
You can find the prospectus and the key information document (KID) here.