DSTs play a vital role in the issuance of debt securities, including sukuk, term finance certificates (TFCs), participation term certificates
(PTCs), commercial papers (CPs) etc.
They account for slightly less than one-half of the longer term certificates
, where for-profit, non-degree-granting institutions come into play, conferring nearly one-quarter of these longer-term, sub-two-year certificates.
He said that Short Term Certificates
was launched from July 1,2012 and to promote the saving habit among young generation Rs 100 Student Welfare Prize Bond had been launched from November 16, 2012.
This has also been decided, to replace all mark-ups, profit practicing term finance certificates (PPTFCS) and loans provided to government-owned power companies on government guarantees by asking the lending banks to subscribe to PIBs against all loans and power related term certificates
For members and bank customers looking for safety and quick access to their money, the parking spaces these days might be far away from longer term certificates
4m as interest costs shrank following the pre-pricing of a large portion of longer term certificates
Takaful companies can invest in Shari'ah compliant Government Securities, Immoveable property, Joint Stock Companies, Redeemable Capital, Mutual Funds, Musharika Certificates, Term Finance Certificates and Participation Term Certificates
etc, he added.
It raised funds through short- term certificates
of deposit ( CDs) and bulk deposits, including the bonds sold by Brihanmumbai Municipal Corporation ( BMC).
Issue number 37 of the five-year term certificates
for instance would produce a tax-free return of 4.
Chart 1, which combines information on short-term and longer term certificates
, shows the 15 most popular fields of study for all certificates awarded by community colleges in 1999-2000.
The various modes of financing being used are issuance of Participation Term Certificates
, equity participation, underwriting of public issues and bridge finance facilities.
It cited the extremely high returns obtained on short term certificates
of deposit acquired by the plan during 1980, which ranged from 11.