Money Market Products

Pula Fixed and Call Deposits

Term deposits are offered for a fixed period as may be agreed between the bank and the client. Interest is normally received / paid at maturity together with the repayment of the principal. Term deposits are non-negotiable instruments. This means that the deposit cannot be retrieved or retracted before maturity. Should the customer decide to terminate the contract, a cost will be levied for a broken contract.

Foreign Currency deposits

These are available at the prevailing market rates, mainly in GBP, USD, EUR and ZAR. The advantage for taking this product is that your capital is guaranteed, as you would place your money with AAA bank. You also have the opportunity to align the maturity of your deposits to your monthly foreign currency payments hence capitalize on your cash flow. Most of these currencies have a positive yield curve, meaning that the longer the deposit, the higher will be the rate of return.


Structured BWP fixed deposits

These deposits yield higher than the normal fixed deposit as it is linked to the BoBC’s rate. The deposits are re-priced as and when they mature.


T-Bills and Government Bonds

T-Bills and Government Bonds are the alternatives to term deposits. Barclays Bank secures for its clients trading on the secondary market of T-Bills and Government Bonds.


Fixed Income Securities – Medium Term Note

A bond is a longer-term (over 1-year) negotiable debt security, issued by financial institutions like Barclays. They have a face value that is repaid at maturity and pay interest at regular intervals via interest coupons. Bonds are traded on the exchange i.e in our case, the Botswana Stock Exchange. Barclays Bank of Botswana is also a primarydealer in government bonds. That is government bonds can be bought or sold through Barclays Bank of Botswana.