Traders said the investors trimmed positions in equities and moved to safer investment options such as money market and term certificates
which saw the index start out in the red and sink to intraday low by 549 points.
v.###Participation term certificates
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., whether issued through public offer or private placement, by safeguarding investors' interests.
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.
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
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)." " For BMC bonds, SBI had offered 6.85 per cent on Wednesday, and 6.80 per cent on Thursday.
Issue number 37 of the five-year term certificates
for instance would produce a tax-free return of 4.25 per cent per annum if held to maturity and assuming inflation at 3.2 per cent over the full term.
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.
Savings bonds, short term certificates
of deposit and even some money market mutual funds (those with check writing options) can be good choices.