If, however, it is expected that a six months or three months deposit will be rolled over, the portfolio may be invested in a less marketable, but more earning-yielding assets and perhaps, more risky securities with a longer-term maturities like commercial papers, development stocks, treasury certificates
of 180-day or 360-day maturities and bankers acceptances (Ezema, 1993 and Uremadu, 2007).
Several courses in this curriculum compose part of the Treasury Certificate
in Accounting and Reporting.
With the Treasury's endorsement, the Federal Reserve stopped pegging the yield on Treasury bills in July 1947 and ended its ceiling on Treasury certificates
a month later.
The regression results above, shows that a positive relationship exists between money supply and Treasury Bills (TB), Treasury Certificates
(TC), Certificates of Deposit (CD), and Bankers' Acceptances (BA) as explanatory variables.
The dominant elements are such low-risk instruments as bonds and treasury certificates
a) CATs--Certificates of Accrual on Treasury Certificates
BCV director Domingo Maza Zavala said the bank sold its US Treasury certificates
of deposit because "the US dollar has been depreciating relative to the euro.
On October 25, 2001, the Court of Justice ruled that in 1993 Italy failed to reimburse taxable persons in the form of tax credits but decided to issue treasury certificates
, staggered over time, to taxable persons as repayment of their VAT credits (case C-78/00).
Immediately after the central bank decision in mid-August, interest rates for 28-day Treasury Certificates
(Certificados de Tesoreria, CETES) surged to 22%, compared with 18.
Just before the declaration of war, Secretary of the Treasury McAdoo charged the System, which in 1915 had been made a receiver and distributor of government funds, with a new fiscal-agency function: that of issuing and redeeming shortterm Treasury certificates
to prepare for the floating of the $2 billion Liberty Loan of 1917.
The Bank of Italy is set to auction EUR6bn worth of treasury certificates
and bonds this week, reports Thomson Financial.
A start was made in 1996 to refunding the large accumulation of outstanding tax credits due to banks in Italy, but the refunds are being paid in instalments in the form of Treasury certificates
, and only in part.