Yankee CD

Yankee CD

A CD issued in the domestic market, typically New York, by a branch of a foreign bank.

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.
References in periodicals archive ?
After the successful launch of our Yankee CD Program?
The successful establishment of the Yankee CD program enables ABC s New York Branch to diversify source of funding, reduce the funding cost, while help establishing the ABC s reputation in the local and international market.
Officials have dropped him a signed copy of a Daddy Yankee CD, because he is a huge fan of the Puerto Rican rapper.
Market concerns that lower Japanese stock prices had impaired the capital positions of Japanese banks evidently tarnished the appeal of Yankee CDs for some institutional investors.
With Yankee CDs apparently an inherently cheaper source of funds, institutions that had been able to fund additional asset expansion through reserve-free borrowing from their head offices began to pay down these advances with funds raised in the CD market.