CD (Certificate Of Deposit)
It is a bank savings instrument with a fixed maturity date, specified fixed interest rate and can be issued in any denomination apart from the minimum investment requirements.
A CD restricts access to the funds until the expiration date of the investment. CDs are usually issued by commercial banks
You must meet the same requirements and conditions as any other Asset.
- Be deposited in the client’s account with FULL BANK RESPONSABILITY
- It must be Assignable, Divisible and Transferable.