Noncompetitive tender

Noncompetitive Tender
A method of purchasing Treasury bills, notes, and bonds directly from the Federal Reserve at the average price during an auction of new securities.
Noncumulative Preferred Stock ...

Noncompetitive tender
Offer by an investor to purchase Treasury securities at a price equivalent to the weighted average discount rate or yield of accepted competitive bids in a Treasury auction. Noncompetitive tenders are always accepted in full.

Noncompetitive tenders are also admitted. Generally noncompetitive tenders are submitted by small investors and individuals because in this way they are guaranteed to receive the full amount of the security bid and do not pay any commission fees to ...

method of buying Treasury bills without having to meet the high minimum purchase requirements of the regular dutch auction; also called noncompetitive tender.

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

Offer by an investor to purchase Treasury securities at a price equivalent to the weighted average discount rate or yield of accepted competitive bids in a Treasury auction. Noncompetitive tenders are always accepted in full.

Investors who can't or don't wish to meet the minimum purchase requirements of $500,000 for competitive bidding on Treasury bills, notes, or bonds can enter a noncompetitive bid, also known as a noncompetitive tender.

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.

See also: Banks, Bills, Competitive bidding, Load fund, Noncompetitive bid