Short-term deposit notes issued directly by the bank. These deposit notes are issued for the bank’s own general funding purposes. |
Key Benefits
- Direct obligation of the issuing bank
- Issuing bank credit quality
- Meets most investment policy guidelines
Return
- Sold on a discount basis
- Return to the investor is the difference between the purchase price and the maturity value
Liquidity and Investment Time Frame
- Highly liquid with active trading market
- Maximum maturity of 365 days
Minimum Requirement
- Minimum investment of $5 million
For more information please contact us.
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