Yankee CD

Yankee CD

A CD issued in the domestic market, typically New York, by a branch of a foreign bank.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Officials have dropped him a signed copy of a Daddy Yankee CD, because he is a huge fan of the Puerto Rican rapper.
At branches and agencies of foreign banks, large time deposits (Yankee CDs), having decelerated sharply from last year's rapid growth, have been flat this year.
The issuance of these "Yankee CDs" resulted from the reduction in December of the reserve requirement on nonpersonal time deposits and net Eurocurrency deposits from 3 percent to zero.