Video: What are nil paid letters (NPLs)?

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What are Nil Paid Letters (NPL’s)? Why does a company issue them? Who decides the price?
What can you do with them?
Are they a good or a bad thing?
Do you sell or take them up?

Your trading account is actually an ‘investment fund’ in which you’ve invested. Much like the ETFs you've bought, or your RA or pension fund. The only difference is that you’re the fund manager responsible for the returns.
Your Personal Retirement Fund
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