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newbie needs help with banana terminations

I bought some Onix copper bananas to terminate some 12Ga. stranded speaker cable that I have. These bananas have set screws and a compression sleeve. Should I insert the wire inside the compression sleeve and then use the set screws to hold the wire and sleeve inside the banana or should I just forget about the compression sleeve altogether ?
essentially what I am asking is what is the purpose of the sleeve ? Thanks.

Here's a picture of the part:




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Topic - newbie needs help with banana terminations - Mike FL 08:03:12 02/12/10 (1)

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