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 ?
Meanwhile, PBB also plans to raise as much as P10 billion from the issuance of long term negotiable certificates of deposit (LTNCDs).
LTNCDs are negotiable certificates of deposit with a designated maturity, and represent a bank's obligation to pay the face value upon maturity, with periodic coupon or interest payments during the life of the deposit.
In addition to removing changes in claims and liabilities that should be excluded from portfolio investment or other investment, BEA also separates transactions in short-term securities and negotiable certificates of deposit of any maturity from other investment and records them in portfolio investment (table 1, lines 9 and 20 and table 2, lines 6 and 17).
The apex bank said that it would launch new regulations allowing trade in commercial paper and negotiable certificates of deposit (NCDs).
Standardized options, comprehensive checking and savings accounts, unit trusts, accounts managed by third parties, retirement accounts and negotiable certificates of deposit were not available, but were to become widely available by the early 1980s.
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.
National Bank Launches Negotiable Certificates of Deposit
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.
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.
This growth came primarily in transaction accounts, offset by a decline in negotiable certificates of deposit.
MANILA, Philippines Philippine National Bank (PNB) is raising as much as P20 billion as it plans to return to the debt market via the issuance of long term negotiable certificates of deposit (LTNCD).