Negotiable certificates of deposit

Negotiable certificates of deposit

Negotiable Certificate of Deposit

A certificate of deposit of large value that can be bought and sold but not redeemed before maturity. See also: Jumbo CD, Callable CD.
References in periodicals archive ?
The central bank said that it was planning for regulatory easing plans that would allow lenders to issue foreign currency-based negotiable certificates of deposit (NCDs).
First Gulf Bank First Gulf Bank, the United Arab Emirates' third-biggest lender, said its Singapore branch set up a negotiable certificates of deposit program for as much as $1 billion to expand in Asia Pacific.
Called as Negotiable Certificates of Deposit (NCDs), the securities, will enable banks to convert surplus deposits that they would otherwise deposit at the NBC for a tiny interest rate into securities that they can immediately sell or utilize as collateral for inter-bank loans.
China's banks are expected to win approval for the issuance of tens of billions of yuan in negotiable certificates of deposit, Reuters reported exclusively last week, in a move that would constitute another step toward liberalizing China's domestic interest rates.
Total deposits and negotiable certificates of deposit increased 385.
As with large holding companies outside the Fourth District, BHCs in the Fourth District rely heavily on large negotiable certificates of deposit and nondeposit liabilities for funding.
4 billion given to PHATRA's promissory notes and negotiable certificates of deposit (NCD) holders.
Negotiable certificates of deposit were reduced by $27 million during the quarter due to the higher levels maintained in the less expensive transaction accounts and the reduced need for funding due to the mortgage loan sale.
46m) interbank negotiable certificates of deposit (NCD), the first foreign bank to do so on China's mainland, as China expands interest rate liberalisation.
As with large holding companies outside the district, Fourth district BHCs rely heavily on large negotiable certificates of deposit and nondeposit liabilities for funding.
Other examples include short-term loans to corporations, known as commercial paper, and negotiable certificates of deposit at banks.
The decline came primarily in public funds and other short term negotiable Certificates of Deposit brought in to fund the fourth quarter growth in mortgage warehouse loans.