211 Sentences With "certificates of deposit"

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Use certificates of deposit to set aside cash The benefits of certificates of deposit may not be obvious right away.
How much interest will they pay on certificates of deposit?
Even five-year certificates of deposit pay less than 1 percent.
These annuities tend to run longer than standard certificates of deposit.
She wanted to place the entire inheritance in certificates of deposit.
Egypt's two largest state-owned banks offered 18-month certificates of deposit at 20 percent and three-year certificates of deposit at 16 percent in a bid to attract currency being held outside the banking system.
The benefits of certificates of deposit may not be obvious right away.
Stanford stole billions from customers who thought they purchasing certificates of deposit.
Is it O.K. to just put my money in certificates of deposit?
Some CDs, or certificates of deposit, are also more generous than others.
They put their money into certificates of deposit and left it alone.
Savers benefit as yields on savings accounts and certificates of deposit edge higher.
BBC would use its customers' investments to purchase federally insured certificates of deposit.
Up until then, I didn't really know about anything except certificates of deposit.
But you'll benefit from getting better rates on high-yield certificates of deposit.
Fortunately for the school, most of its endowment then was in certificates of deposit.
Cash investors have a range of choices, from savings accounts to certificates of deposit.
Then pile the rest of your cash in higher yielding certificates of deposit (CDs).
Any excess is converted into "certificates of deposit", which attract a charge of -0.75%.
The same applied to U.S. dollar certificates of deposit issued by the central bank.
And high-quality intermediate-term bonds and certificates of deposit serve critical roles in portfolios.
Some view certificates of deposit as an alternative to individual bonds in the current environment.
Investors can choose money market funds or insured certificates of deposit (CDs) at a bank.
You can find rates higher than 26 percent in some certificates of deposit offered by banks.
Some bank certificates of deposit are now yielding as much, in some cases more, than Treasurys.
For retirees looking for income from high-yielding certificates of deposit, the message is: Keep looking.
Interest rates on savings accounts and certificates of deposit (CDs) closely follow the Federal funds rate.
State news agency Saba said the rate on certificates of deposit had been hiked to 27 percent.
As a result, some banks are pulling back their offerings on savings accounts and certificates of deposit.
Egypt's main state-owned banks quickly announced they would boost yields on dollar-denominated certificates of deposit.
To fund loans, they use money stored in checking, savings, certificates of deposit, and other deposit accounts.
Meanwhile, one-year certificates of deposit through online banks are touting rates as high as 2.25 percent.
They are essentially a form of insurance that tends to generate returns similar to certificates of deposit.
Then he noticed another bank was offering annual returns of 2401 percent on their certificates of deposit.
As interest rates rise, certificates of deposit, savings and rewards checking accounts are now providing more attractive returns.
To attract money from abroad, Egypt introduced new dollar- and euro-denominated certificates of deposit for Egyptian expatriates.
In other words, a bank may offer only certificates of deposit; an insurance agent may offer only annuities.
As a result, some banks are pulling back their offerings on their savings accounts and certificates of deposit.
One-year certificates of deposit yield 0.29 percent and most money-market funds are earning less than 1 percent.
A knowledgeable saver might then ask about certificates of deposit, guaranteed securities with maturities of up to five years.
Consumer yields on certificates of deposit and money market funds will rise, although not as quickly as loan rates.
Those investors will benefit as rising rates increase the money they make on certificates of deposit or savings accounts.
Miller suggests stashing that cash in certificates of deposit, which offer higher-than-average returns compared with regular savings accounts.
TSB The rating on TSB's registered certificates of deposit programme is subject to the same factors that influence the IDRs.
Risk-averse savers would earn more on their certificates of deposit, and would then have more discretionary income to spend.
Savers, meanwhile, have been rewarded in recent months for shopping around for higher-yielding savings accounts and certificates of deposit.
The Danish central bank was early off the mark with negative rates, launching below-zero certificates of deposit in 2012.
Fitch has also affirmed AFD's EUR30bn EMTN programme at 'AA' and 'F1+' and EUR2bn certificates-of-deposit programme at 'F1+'.
At that point, you explain how to diversify a portfolio with stocks, bonds and cash equivalents, like certificates of deposit.
But investors continue to demand elevated premiums for lower-rated negotiable certificates of deposit, a popular short-term interbank debt instrument.
It invests primarily in certificates of deposit, commercial paper, time deposits, bonds and money market funds managed by the same manager.
Mr. Roth, the Wealth Logic founder, has made five-year certificates of deposit the centerpiece of his clients' fixed-income portfolios.
Certificates of deposit lock up your money for a specified period (usually one to six years) but have higher interest rates.
DENMARK The Danish central bank was early off the mark with negative rates, launching below-zero certificates of deposit in 2012.
Taxable accounts — checking, savings, investment accounts and certificates of deposit — are likely the next-best place from which to draw cash.
He told my aunt she would double her money with this investment, to earn much more than her certificates of deposit.
Brokered certificates of deposit (CDs), which were previously a part of legacy CIT Bank, represented 0003% of total deposits at Sept.
Asked about that decline, Pruzan noted Morgan Stanley has been rolling out products like certificates of deposit that offer higher interest rates.
"This is measured by CD (certificates of deposit) holdings with the central bank," which exceed 120 billion dirhams ($32.7 billion), he added.
As for where to stash it, consider a high-yield savings account, certificates of deposit or a portfolio of stocks and bonds.
TAIPEI, March 24 (Reuters) - Taiwan central bank says: — It has set 28-day negotiable certificates of deposit (NCD) rate at 0.59 percent.
In that class, the rookie says he learned about mutual funds, hedge funds, 603(k) plans, certificates of deposit and Roth IRAs.
Turn to savings accounts, money market funds and certificates of deposit for needs that will pop up in the next four years.
UNITED ARAB EMIRATES raised the interest rates on certificates of deposit in line with the increase in U.S. dollar rates on Dec. 19.
They also reduced holdings of negotiable certificates of deposit, a short-term interbank debt instrument, by 10.06 billion yuan to 191.29 billion yuan.
TSB The rating of the registered certificates of deposit programme is aligned with the bank's Short-Term IDR, in line with Fitch's criteria.
As for where to stash it, consider a high-yield savings account, certificates of deposit (CD) or a portfolio of stocks and bonds.
Traders with direct knowledge of the matter told Reuters that Baoshang planned to resume issuance of negotiable certificates of deposit (NCDs) on Wednesday.
Regulators have suppressed techniques abused by speculators, such as short-term borrowings using bond-repurchase agreements and so-called negotiable certificates of deposit.
Ms. Lommen encourages her clients to allocate a year's expenses or more to cash, certificates of deposit or short-term bonds, if possible.
Meanwhile, over 26.9244 trillion yuan worth of negotiable certificates of deposit are set to mature in the next three months, according to Refinitiv data.
They also found that other available liquid assets, including stocks, bonds and certificates of deposit, could help people postpone their claiming decision even further.
They also found that other available liquid assets, including stocks, bonds and certificates of deposit, could help people postpone their claiming date further still.
Rates on three-year certificates of deposit are still below 2 percent, and savings accounts are crediting interest in the neighborhood of 1 percent.
Certificates of deposit offer better interest rates than traditional savings accounts, but you have to lock your funds away for a period of time.
Its issuance of negotiable certificates of deposit (NCDs) shot up to 108 billion yuan ($16.89 billion) in 2017 from 21.3 billion yuan in 2015.
It was not unusual for tens of millions in Treasury bills and certificates of deposit to flow through his personal bank accounts each month.
At end-September 2016, the portfolio was 0003%-invested in government bills and bonds, 12% in certificates of deposit and 45% via overnight repos.
You also shouldn't rush to tie up your money in certificates of deposit, which tend to move in step with similarly dated Treasury securities.
The UAE central bank trimmed its interest rate on one-week certificates of deposit by 75 basis points and other rates by 50 bps.
Further, some banks, including Marcus and Citi, are now allowing customers impacted by coronavirus to break certificates of deposit early and are waiving fees.
If you examine the rates for savings accounts, certificates of deposit or loans at credit unions versus tax-paying banks, they are very similar.
For instance, investors who want a credited rate of interest over a specified period of time might also want to consider laddering certificates of deposit.
Last week NBE raised the interest rates on its three-, five- and seven-year dollar-denominated certificates of deposit to 4.25, 5.25, and 5.75 percent.
Meanwhile, over 4.4 trillion yuan worth of negotiable certificates of deposit (NCDs) are set to mature in the next three months, according to Refinitiv data.
In anticipation, investors have slashed their allocations to prime funds, the main buyers of commercial paper and certificates of deposit from corporations, including Japanese lenders.
Hamdan said the certificates of deposit, aimed at domestic banks, would pay 4.25 percent interest for a minimum deposit of $1 million or 1 million euros.
Credit union FedChoice will waive early-withdrawal fees on some certificates of deposit and issue short-term loans with interest rates as low as 2.50 percent.
Certificates of deposit, a fairly sacrosanct investment where capital is preserved on the promise of modest but positive returns, are in some cases leaving investors flustered.
In a sign of their higher risk aversion, 257% of female millennials said they held cash assets, like money market funds or certificates of deposit (CDs).
Your Money Adviser Have you seen that interest rates are rising on some certificates of deposit, only to worry that you'll miss out on further increases?
The bank offers even higher rates for depositors who agree to lock their money up for a set period of time, through products like certificates of deposit.
If the Fed raises interest rates in December by a quarter-point, don't expect to see a major boost for savings accounts and new certificates of deposit.
The fund invests in a diversified portfolio of assets, typically comprising certificates of deposit, commercial paper, time deposits, as well as fixed- and floating-rate corporate bonds.
Just this week, Goldman opened GS Bank, which offers online savings accounts and certificates of deposit, a product of Goldman's purchase last year of GE Capital Bank.
As for interest paid on checking or savings accounts, money markets and certificates of deposit: That amount also technically should increase as the federal funds rate does.
BEIJING, July 10 (Reuters) - China's central bank said on Wednesday the swap of interbank negotiable certificates of deposit (NCDs) issued by Baoshang Bank was completed on Tuesday.
Stanford was convicted in March 2012 for running what prosecutors called a $7.2 billion Ponzi scheme centered on fraudulent certificates of deposit from his Antigua-based bank.
Some advisors say that instead of using SPIAs, people looking for income that isn't subject to the whims of the stock market could consider certificates of deposit.
As the population ages in coming years, many more Americans will come to appreciate even modest increases in interest income during retirement when they buy certificates of deposit.
He could have shifted much of his equity investments to certificates of deposit and Treasurys, keeping his market exposure low while he reaped a hefty double-digit return.
Unless you make or save so much money that you can meet those goals through guaranteed returns on certificates of deposit, you'll probably need to take some investment risks.
Some advisors say that instead of using an SPIA, a person looking for income that isn't subject to the whims of the stock market could consider certificates of deposit.
In an apparent effort to stop customers withdrawing all their dollars, Egypt's main state-owned banks quickly announced they would boost yields on dollar-denominated certificates of deposit (CDs).
His mother, for example, had so much anxiety around it that she put every cent she saved into low-interest-bearing certificates of deposit, rather than the stock market.
Prosecutors said Stanford sold fraudulent high-yielding certificates of deposit through his Antigua-based Stanford International Bank and used investor money to make risky investments and fund a lavish lifestyle.
If you work at it, you can find money market funds yielding 21.8 percent and two-year certificates of deposit (CDs) or U.S. Treasury bonds yielding more than 20.46 percent.
The average yield on six-month, one-year, and five-year certificates of deposit had gone up merely 0.06, 0.09, and 0.07 percentage points respectively in the same time period.
This is especially true for retirees, who have been waiting for years for a boost in interest rates in order to earn more on certificates of deposit and money market funds.
Money market funds and certificates of deposit are barely keeping up with inflation, and longer-term bonds are threatened by indications that the Federal Reserve will continue to raise interest rates.
DUBAI, Dec 15 (Reuters) - The United Arab Emirates central bank said on Thursday it was raising interest rates on its certificates of deposit, its main policy instrument, by 25 basis points.
The fund pursues its investment objective by investing in high-quality money market instruments and short-term debt including time deposits, certificates of deposit, sovereign bonds and notes, and repo agreements.
The Great Recession saw investors flock to fake certificates of deposit, private placements, non-publicly traded real estate deals, promissory notes and scams involving gold and other precious metals, experts said.
Provident Bank in New Jersey recently announced  it will cancel mortgage and credit card late fees for federal workers and allow them to break their certificates of deposit early without any penalties.
The fund invests in a diversified portfolio of assets, typically comprising certificates of deposit, commercial paper, time deposits, as well as fixed- and floating-rate corporate and government bonds of European states.
There are infinite options and places to keep your money, but three obvious choices to start earning interest on your savings are high-yield savings accounts, certificates of deposit, and mutual funds.
If you have money in CDs, or certificates of deposit, the good news is that you may be able to get some or all of that money out if you need it.
Certificates of deposit typically offer a higher yield than savings accounts, but the downside is that you will face early withdrawal penalties if you need the money in a pinch, he said.
If you can't stomach the idea of losing money, many 529s offer lower-risk — and lower-return — options, including savings accounts insured by the Federal Deposit Insurance Corporation and certificates of deposit.
Both IRAs and Roth IRAs offer a ton of investment options, including a wide variety of stocks, bonds, mutual funds (including index funds), exchange-traded funds (ETFs), and certificates of deposit (CDs).
"It can make sense to look at other taxable alternatives such as certificates of deposit and Treasuries," said Cooper Howard, a senior fixed-income analyst at the Schwab Center for Financial Research.
DAMASCUS (Reuters) - Syria will use new foreign currency certificates of deposit to help fund trade operations, its finance minister said, as the government takes tentative steps towards reconstruction following seven years of war.
Ideally, savers would have "age-based" 529 accounts, which automatically shift to more conservative investments, such as bonds and certificates of deposit, as the child approaches college, said Mark Kantrowitz, publisher of SavingForCollege.com.
Even so, Cramer said he couldn't "blame anyone for selling" after the Fed's decision, which by default made risk-free assets like certificates of deposit more attractive than much of the stock market.
Provident Bank in New Jersey recently announced that it will cancel mortgage and credit card late fees for federal workers and allow them to break their certificates of deposit early without any penalties.
Analysts say the bulk of these investments including WMPs and the negotiable certificates of deposit, created by banks, are channelled to debt-laden state-owned and private firms at rising risk of default.
For consumers who have direct deposit and use debit cards a lot, however, opening one of the accounts could be worthwhile since interest rates on savings accounts and certificates of deposit remain pedestrian.
United Roosevelt Savings Bank (URSB) in Carteret, N.J. offered interest-rate relief for loan customers while waiving minimum balance requirements on checking and savings accounts and early-withdrawal fees on certificates of deposit.
That means there's more money left to give customers higher interest rates on checking, savings, money market accounts, and certificates of deposit, and that fewer fees need to be charged to break even.
Lower interest rates generally lead investors to pour more money into stocks in search of higher returns, since safer havens such as cash and certificates of deposit yield less in low-rate environments.
Analysts say the bulk of these investments including WMPs and the negotiable certificates of deposit, created by banks, are channeled to debt-laden state-owned and private firms at rising risk of default.
Offshore holdings of Negotiable Certificates of Deposit (NCDs), short-term debt favoured by small banks, rose by 13 billion yuan in January to 170.3 billion yuan, Reuters calculated from Shanghai Clearing House data.
Institutions will not be allowed to issue negotiable certificates of deposit (NCD) - a popular short-term debt instrument for smaller banks in the interbank market - with a tenor exceeding one year from Sept.
He noted that rising interest rates encourage companies to increase their dividends in order to keep investors from parking their money in safe havens where yields are rising, such as bank certificates of deposit.
When he was 6, Jack got his first account at the bank, which offers checking and savings accounts, certificates of deposit, lines of credit, credit cards and business loans to people 21 and under.
Federal prosecutors said he ran a scam for two decades that defrauded some 30,000 investors and centered on the sale of fraudulent high-yielding certificates of deposit through his Antigua-based Stanford International Bank.
The fund invests in a diversified portfolio of assets, typically comprising certificates of deposit, commercial papers, time deposits, fixed- and floating-rate government and corporate bonds, including covered bonds, and asset-backed securities (ABS).
ABU DHABI, June 5 (Reuters) - Banks in the United Arab Emirates have very good liquidity, represented by the abundant amount of certificates of deposit held with the central bank, its governor said on Sunday.
TAIPEI, July 1 (Reuters) - Taiwan's central bank lowered the rate on its regular negotiable certificates of deposit by seven basis points on Friday, a move that comes after it cut the policy rate Thursday.
For example, certificates of deposit (CDs) and money market accounts may offer better interest rates than savings accounts, although the former requires you to lock your money up for a certain period of time.
In the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the COVID-19 outbreak, savings rates, certificates of deposit and Treasury yields are all down significantly.
Meanwhile, the Federal Reserve kept interest rates near zero for years, enticing retirees deeper into stocks than previous generations as investments like certificates of deposit, government bonds and money-market funds generated paltry income.
The tax on bank liabilities including corporate bonds, commercial paper and certificates of deposit is forecast to raise $4.6 billion in its first four years to help Australia return to a budget surplus by 2021.
Advisors with clients who are near retirement or who have short-term goals are recommending that they keep a chunk of their savings in cash, certificates of deposit and high-quality short-term bond funds.
The tax is designed to prevent the banks from passing the cost on to lending customers, targeting liabilities such as corporate bonds, commercial paper, certificates of deposit and tier-2 capital instruments, rather than mortgage books.
Fed rate hikes are reflected in CDs — certificates of deposit — to some degree, and as the Fed continues to increase rates in the months and years to come, savings rates are likely to follow as well.
Most banks also offer certificates of deposit (CDs), which can earn you even better rates, but only under the condition that you can't touch the money for an established number of months without paying a penalty.
The CBRC's latest investigation will probe how lenders are using proceeds from negotiable certificates of deposit (NCDs), as well as their bond investments and outsourced investment businesses, two sources with direct knowledge of the plan said.
While the average interest rate on a savings account is still only 5.53 percent, some top-yielding savings accounts are now as high as 2.45 percent and you can earn even more with certificates of deposit.
BEIJING, Nov 7 (Reuters) - China's insurance regulator has allowed insurance funds to invest in domestically issued certificates of deposit (CD), including interbank CDs and large-denomination CDs, a spokesman for the regulator told Reuters on Monday.
Rates on certificates of deposit issued by the UAE central bank will increase, and the repo rate at which financial institutions borrow short-term liquidity from the central bank will increase to 1.25 percent, it said.
While Certificates of Deposit (CDs) and Treasury bills grow at a similar pace, the fact that you can't access your money immediately without paying a penalty means they're generally not ideal for a rainy-day fund.
Most experts agree that retirees will need a portion of their savings still invested in the stock market, where returns are typically higher in the long run than those produced by bonds or certificates of deposit.
Issuance of negotiable certificates of deposit (NCD), which many banks use to buy those investment products, reached a record 23 trillion yuan ($735.3 billion) in the first quarter of this year, according to Moody's Investors Service.
Facilitating the flow of credit to municipalities by expanding the Money Market Mutual Fund Liquidity Facility (MMLF) to include a wider range of securities, including municipal variable rate demand notes (VRDNs) and bank certificates of deposit.
It uses two types: international banks' unsecured funding rates in the primary market (commercial paper, institutional certificates of deposit and interbank funding); and yields on banks' bonds of various maturities, implied by trades in the secondary market.
The seizing of Baoshang fanned concerns about indebted small banks across the country, pushing up yields on some negotiable certificates of deposit (NCD) issued by regional banks by more than 48 basis points on Monday, traders said.
To further shore up their finances, those who are very near retirement or who have short-term goals should keep a chunk of their savings in cash, certificates of deposit and high-quality short-term bond funds.
On Monday, even as its shares slumped 28 percent, Home Capital-owned Oaken Financial ran a full-page ad in a national newspaper, marketing its GICs, which are similar to certificates of deposit in the United States.
While the average interest rate on a savings account is still only 53 percent, some top-yielding savings accounts are now as high as 2.25 percent and you can earn even more with CDs, or certificates of deposit.
While the average interest rate on a savings account is still only 0.2 percent, some top-yielding savings accounts are now as high as 53 percent and you can earn even more with CDs, or certificates of deposit.
They said Willis did this with an expectation that Stanford would use the letters to lure investors into buying his bogus offshore certificates of deposit and assure them that his business was sound and their investments were safe.
The court-appointed receiver, the Official Stanford Investors Committee, and individual investors who purchased fraudulent certificates of deposit issued by Stanford asked in a filing late Thursday for a federal court in Dallas, Texas to approve the settlement.
An uptick in Chinese government bond issuance in the offshore "dim sum" bond market, as well as increased sales of CNH certificates of deposit by Hong Kong banks, have also strained the supply of CNH in recent months.
CHICAGO (Reuters) - U.S. interest rates finally are on the rise after a decade stuck near zero - and that should be good news for retirees who need yield on safe investments like certificates of deposit and money market accounts.
JAKARTA, Aug 25 (Reuters) - Indonesia's central bank will issue several new regulations allowing trade in commercial paper and negotiable certificates of deposit (NCDs) in an effort to deepen the country's financial markets, its deputy governor said on Thursday.
Citi is waiving monthly account fees and penalties on certificates of deposit for impacted customers, and Goldman Sachs plans to give customers of its online bank Marcus an extra month to make payments on personal loans, interest free.
SHANGHAI, May 27 (Reuters) - Yields on some negotiable certificates of deposit (NCD) issued by regional banks in China rose more than 10 basis points on Monday, traders said, after regulators took over a troubled bank in Inner Mongolia.
Though the Federal Reserve on Wednesday approved only its second interest rate increase in a decade, it will take some time for banks to pass on those higher rates to customers who hold certificates of deposit and savings accounts.
Under the new rules, banks will need to adjust their lending rates every month based on what they offer for new fixed-rate deposits, which track short-term market rates such as for treasury bills and certificates of deposit.
Certificates of deposit, known as CDs, are a form of time deposit, which means that in return for a higher interest rate, you promise to keep your cash in the bank for six months, 18 months or several years.
Underscoring concern in China's interbank bond market over the Jinzhou announcement, traders said that they saw offer yields of 5.5% for Bank of Jinzhou negotiable certificates of deposit (NCD) maturing in as little as 7 days, but no bids.
BEIJING (Reuters) - China's planned inclusion of negotiable certificates of deposit (NCDs) - a popular short-term debt instrument for smaller banks - in its quarterly risk assessments will have limited impact on the banking sector, a senior central bank official said.
The exchange said the yield of the notes, with three-month tenors, would use the yield of negotiable certificates of deposit issued by Bank of Jinzhou as a reference, and would be in a range of 4.55% to 5.35%.
The central bank also plans to include negotiable certificates of deposit (NCDs) issued by financial institutions with assets of less than 500 billion yuan ($79 billion) in its quarterly macro-prudential assessment (MPA) from the first quarter in 2019.
NEW YORK, May 30 (Reuters) - U.S. money market markets have little risk directly from Italian bank debt, with only $1.5 billion in commercial paper and certificates of deposit from three Italian banks, J.P. Morgan Securities analysts said on Wednesday.
DUBAI, March 21 (Reuters) - The United Arab Emirates central bank said on Wednesday that it was raising its repo rate by 25 basis points to 2.0 percent, and increasing interest rates on certificates of deposit by a similar margin.
In a civil complaint, the SEC accused Stanford and his associates of running a "massive, ongoing fraud" based on certificates of deposit issued by Stanford International Bank in Antigua and sold to investors by Stanford's U.S.-based brokerage arm.
Since the start of 2017, Chinese regulators have announced a slew of steps to coax financial institutions to reduce riskier activity and leverage, targeting everything from interbank lending levels to bond trading, negotiable certificates of deposit and entrusted loans.
Another 200 billion yuan worth of MLF loans are due to mature on June 19, and more than 1.6 trillion yuan worth of negotiable certificates of deposit (NCD), an interbank debt instrument, expire this month, according to Refinitiv data.
An Alabama couple who allege they lost $650,000 to fraudsters selling purported certificates of deposit on a fake bank of New York Mellon website have sued the bank and Wells Fargo, which allegedly processed a wire transfer to the criminals.
However, reserves and deposits had also been boosted by a financial engineering operation by Banque du Liban (BdL), which sold eurobond holdings and foreign exchange-denominated certificates of deposit (CD), worth around USD13 billion to banks over several months last year.
Two regional lenders, the Bank of Jinzhou and Great Wall West China Bank, had difficulties issuing negotiable certificates of deposit, which are short-term debt instruments traded in China's interbank market and used by smaller banks to borrow from larger lenders.
SHANGHAI (Reuters) - China has imposed new limits on investments by some mutual funds into negotiable certificates of deposit (NCDs), people with knowledge of the matter said, as part of a widening campaign to reduce risks in the country's financial system.
CAIRO, Nov 10 (Reuters) - The National Bank of Egypt, the largest state-owned bank, has received over 30 billion Egyptian pounds from new certificates of deposit it started offering last week, state newspaper Al-Ahram quoted the bank's deputy chief on Thursday.
The new hedging tool for Bank of Jinzhou debt, called Credit Risk Mitigation Warrant (CRMW), is offered to investors in the 2 billion yuan ($289 million) worth of certificates of deposit (CD) issued by the bank, according to a statement posted on Chinamoney.com.
TAIPEI, June 143 (Reuters) - Taiwan's central bank will increase its issuance of 14-day negotiable certificates of deposit (NCDs) on June 13 and June 14, an indication that further raises market expectations the central bank will cut interest rate late this month.
Citi is waiving monthly account fees and penalties on certificates of deposit for customers affected by the outbreak and Goldman Sachs plans to give customers of its online bank Marcus an extra month to make payments on personal loans without additional interest.
Expansion of the Money Market Mutual Fund Liquidity Facility (MMLF) and Commercial Paper Funding Facility (CPFF) Secretary Mnuchin today approved the expansion of the MMLF to include a wider range of securities, including municipal variable rate demand notes and bank certificates of deposit.
HMIT raised millions by issuing "fixed deposits," similar to certificates of deposit in the US. For these fixed deposits, a depositor would lend HMIT money and be given a postdated check, with interest, meant to be cashed when the fixed deposit reached maturity.
Data from Bond Connect, which offers access to China's onshore interbank market through Hong Kong, showed trading volumes and average daily turnover reached record highs in May, with trading concentrated in policy bank bonds, negotiable certificates of deposit and Chinese government bonds.
DUBAI, Sept 26 (Reuters) - The United Arab Emirates central bank said on Wednesday it was raising its repo rate by 25 basis points, and also raising interest rates on the issuance of its certificates of deposit in line with the increase in U.S. dollar rates.
Following a surge since August, holdings by offshore institutions of negotiable certificates of deposit (NCD), a type of short-term debt popular among smaller banks, fell by 15.7 billion yuan in November to 139 billion yuan, separate data released by Shanghai Clearing House showed.
Around the same time, Great Wall West China Bank, a regional lender in Sichuan province, set out to sell negotiable certificates of deposit (NCDs) - usually a routine fundraising tool for small lenders - but was only able to raise a tenth of its targeted amount.
"Given huge amounts of maturing medium-term lending facility (loans) and negotiable certificates of deposit in the next three months, the PBOC is likely to further step up its easing, and RRR cuts cannot be ruled out," she said, referring to banks' reserve requirement ratios.
DUBAI, March 3 (Reuters) - The United Arab Emirates central bank said on Tuesday that it was cutting interest rates on certificates of deposit in line with U.S. dollar rates, after the U.S. Federal Reserve Board's emergency decision to cut rates by 50 basis points.
The timing and size of bond issuance remains uncertain, but we assume issuance of AED40bn of bonds in the local market in 2016 and a further AED60bn in 2017, effectively replacing the AED100bn in certificates of deposit issued by the central bank and held by local banks.
The sources cited a document as saying that the deposit insurance fund, incorporated by the People's Bank of China (PBOC) on May 29, will take over a total 150 interbank negotiable certificates of deposit (NCDs) issued by Baoshang before May 13 that mature after July 16.
Southern Virginia University has an endowment of just $1.1 million but has been among the top endowments for performance in the U.S. Southern Virginia University's controller, Jesse Seegmiller, told CNBC that when he took over the endowment fund in 2008, it was almost entirely in certificates of deposit.
SHANGHAI, Feb 21 (Reuters) - China's banking regulator is allowing banks in the southern Chinese province of Guangdong to count negotiable certificates of deposit with a tenor of more than 90 days as part of their minimum regulatory capital requirement, three sources with direct knowledge of the move said.
Certificates of deposit are a step removed from checking and savings accounts: While they are still safe financial accounts to house your savings, you are required to lock up your money for three, six or even 12 months at a time, in exchange for a guaranteed interest rate.
Unlike the aftermath of Baoshang, when some market financing rates spiked, a trader at an Asian bank in Shanghai said that she saw relatively little market reaction to Thursday's news, with rates stable in the primary market and yields on negotiable certificates of deposit (NCD) rising only slightly in secondary trading.
High yields on negotiable certificates of deposit (NCD), a type of short-term debt popular among smaller banks, helped to push offshore holdings of the instruments up by 1.4 billion yuan in December to 140.4 billion yuan, compared with total offshore NCD holdings of just 2.1 billion yuan a year earlier.
Individuals have been scooping up T-bills at weekly auctions this year at a record pace as interest rates paid on securities maturing in a year or less hit their highest levels in a decade, promising consumers a far greater short-term return than a bank savings account or most certificates of deposit.
" Morin's simple lifestyle allowed him to stash most of his income in a checking account and certificates of deposit, and his advisor helped him contribute to mutual funds and annuities, the Boston Globe reported: "Morin also bought several life-insurance policies over the years, all intended to benefit the university from which he earned a bachelor's degree in 1961.
If they are allowed to buy a new kind of infrastructure bonds — issued by the entities that will operate the new highways and bridges — and count those bonds as liquid assets for purposes of computing reserve requirements, then the banks would have more income and then would be able to pay higher yields on certificates of deposit.
"We believe a number of factors will keep interbank liquidity fairly tight into the next macroprudential assessment (MPA) at the end of September," economists at Nomura said in a report, citing a large amount of Negotiable Certificates of Deposit (NCDs) maturing this month and next as well as the low excess reserve ratio of commercial banks.
So he suggested a more aggressive way for the parents of younger children to pay for a quarter of college: Draw on home equity now while you can, put the money in certificates of deposit and treat your (often tax-deductible) interest payments on the loan like an insurance policy, where you're paying a "premium" just to be sure you'll have access to the capital.
AX * Liabilities subject to levy will include items such as corporate bonds, commercial paper, certificates of deposit, tier 2 capital instruments * "Currently working through details and will require further information to confirm specifics of calculation for Westpac" * It is currently uncertain what financial impact for Westpac (as a result of the budget announcements) will be * Consultation on levy is expected to take place soon Source text for Eikon: Further company coverage:
The rating actions are as follows: Santander Long-term IDR: affirmed at 'A-'; Outlook Stable Short-term IDR: affirmed at 'F2' VR: affirmed at 'a-' Support Rating: affirmed at '5' Support Rating Floor: affirmed at 'No Floor' Senior unsecured debt long-term rating and certificates of deposit: affirmed at 'A-' Senior unsecured debt short-term rating, commercial paper and certificate of deposits: affirmed at 'F2' Market-linked senior unsecured securities: affirmed at 'A-emr' Subordinated debt: affirmed at 'BBB+' Preference shares: affirmed at 'BB' Santander International Debt, S.A. Unipersonal Senior unsecured debt long-term rating: affirmed at 'A-' Senior unsecured debt short-term rating: affirmed at 'F2' Market-linked senior unsecured securities: affirmed at 'A-emr' Santander Issuances S.A. Subordinated debt long-term rating: affirmed at 'BBB+' Santander International Preferred, S.A. Unipersonal Preference shares: affirmed at 'BB' Santander Commercial Paper, S.A. Unipersonal Commercial paper: affirmed at 'F11533' Santander Finance Capital, S.A. Unipersonal Preference shares: affirmed at 'BB' Santander Finance Preferred, S.A. Unipersonal Preference shares: affirmed at 'BB' Santander Financial Issuance Ltd.
BANK Long-term IDR: affirmed at 'AAA'; Stable Outlook Short-term IDR: affirmed at 'F1+' Support Rating: affirmed at '1' Senior unsecured rating including programme ratings: affirmed at 'AAA' and 'F1+' Commercial paper: affirmed at 'F1+' Short-term certificates of deposit: affirmed at 'F1+' Subordinated notes: affirmed at 'AAA' Investitionsbank Berlin Long-term IDR: affirmed at 'AAA'; Stable Outlook Short-term IDR: affirmed at 'F1+' Senior unsecured long-term and short-term ratings: affirmed at 'AAA' and 'F1+', respectively Support Rating: affirmed at '203' Investitionsbank Schleswig-Holstein Long-term IDR: affirmed at 'AAA'; Stable Outlook Short-term IDR: affirmed at 'F1+' Senior unsecured long-term ratings: affirmed at 'AAA' Support Rating: affirmed at '1' L-Bank Long-term IDR: affirmed at 'AAA'; Stable Outlook Short-term IDR: affirmed at 'F1+' Support Rating: affirmed at '2530' Senior unsecured long-term rating: affirmed at 'AAA' Contact: Primary Analyst Michael Dawson-Kropf Senior Director +21191 244 44 2530 21153 Fitch Deutschland GmbH Neue Mainzer Strasse 20153-22015 21000227 Frankfurt Secondary Analyst Christian Schindler (IBB, IBSH, KfW) Associate Director +231 203 530 1323 Secondary Analyst Roger Schneider (Rentenbank, NRW.

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