VANYWHERE — Turn Time and Skills to Cryptocurrencies That Pays Bills

I hear some people saying they don’t have skills for any job so they tend to stick on what is there even if it is a low-paying job. Stuck on a job which they hate until they retire. I beg to disagree because even a housewife has a skill that she may offer or share with other housewives. Is it really their choice? Or is it only just because opportunity did not present itself to them?
Now, what if your skills can earn you a crypto even during traffic hours, even when you are just staying at home, a PWD, or any status you have now, would you be joining a program, a project or a platform? (Remember that cryptocurrencies now are really popular and unlike FIAT or paper money that are affected by inflation, values may increase overtime.)

With Vanywhere, time can turn into cryptocurrency. Real people, real skills, real time! Vanywhere is a skill-sharing platform that connects people who are seeking and offering skills via live video, voice & chat

Well, I would surely join. …

Security Bank Offering Long Term Negotiable Certificate of Deposit (LTNCD)

What are LTNCDs?

LTNCD or Long Term Negotiable Certificate of Deposit is a long-term instrument sold by Security Bank perfect for those looking for a safe investment with high returns and want the flexibility of a negotiable instrument. It is a hybrid bank product touted to be a safe long-term investment It is a hybrid product in a sense that much like a time deposit, it is issued by a bank and is covered by the PDIC. Like a bond, it is negotiable, long-term, and has quarterly interest payments.
Offer Period: October 17-30, 2017
Issue Date: November 8, 2017

 As mandated by the BSP, LTNCDs are to be denominated in Philippines Pesos, have a minimum maturity of 5 years, be scripless in form, and registered with a third party Registry Bank maintaining an Electronic Registry Book.

Breaking down the acronym

Beneath the mouthful (and downright confusing) investment term lies a fairly uncomplicated asset class you could definitely add to your portfolio for diversification. Let’s zoom in on each word.
  • Long-term: maturity date usually comes after 5 years or so. 
  • Negotiable: can be sold in the secondary market, even before maturity date. 
  • Certificate of Deposit: like a Certificate of Deposit (CD), LTNCDs also earn interest, and is a debt instrument. 
  • Deposit: as a bank deposit product, it is insured by the PDIC.

What’s the difference between Time Deposit and LTNCD?
  • A regular time deposit can mature within a month or up to 7 years, is non-transferable while outstanding, and can be pre-terminated (although subject to a penalty fee). LTNCDs take a minimum of five years or more to reach maturity, can be sold to the secondary market at the prevailing market price, and cannot be pre-terminated prior to maturity.

Why invest in LTNCDs?
  • Higher yield/Low risk. Rates on an LTNCD are higher than short term deposits. The yield on the LTNCD is assured if you hold onto it until maturity. As a bank product, LTNCDs are covered by the Philippine Deposit Insurance Corporation on a maximum insurance coverage of up to P500,000 per depositor. 
  • Tax-exempted. Individuals who purchased the LTNCD from the primary market will be tax-exempt, provided that they hold the LTNCD for at least 5 years. 
  • Negotiable. It can be sold to the secondary market even before reaching maturity at the current market price. 
  • Steady cash flow. Investors receive interest payments on a quarterly basis.

 To know more or to apply, visit Security Bank LTNCD


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