Yankee CD

(redirected from Yankee CDs)

Yankee CD

A CD issued in the domestic market, typically New York, by a branch of a foreign bank.

Yankee CD

A foreign certificate of deposit denominated in U.S. dollars and issued in the United States. In order to raise capital from American investors, a non-American company may choose to issue a CD in the United States. See also: Yankee bond.
References in periodicals archive ?
As one of the important components of the short-term commercial paper market, Yankee CDs has become a key funding channel for foreign banks in the U.
After the successful launch of our Yankee CD Program?
Market concerns that lower Japanese stock prices had impaired the capital positions of Japanese banks evidently tarnished the appeal of Yankee CDs for some institutional investors.
With Yankee CDs apparently an inherently cheaper source of funds, institutions that had been able to fund additional asset expansion through reserve-free borrowing from their head offices began to pay down these advances with funds raised in the CD market.