A certificate of deposit is a product with a standard term. The starting point for individual investors to subscribe for certificates of deposit is not less than 200,000 yuan, and the starting point for institutional investors to subscribe for certificates of deposit is not less than 6,543,800 yuan. The term of certificates of deposit includes 9 varieties: 1 month, 3 months, 6 months, 9 months, 1 year, 18 months, 2 years, 3 years and 5 years.
Extended information For certificates of deposit issued at the issuer's business outlets and electronic banks, the issuer provides investors with services such as registration, settlement and payment of certificates of deposit; Inter-bank Market Clearing House Co., Ltd. (hereinafter referred to as Shanghai Clearing House) shall register the total daily balance of each large deposit certificate. Shanghai Clearing House shall provide registration, custody, settlement and payment services for certificates of deposit issued through third-party platforms.
CDs can be used for pledge business, including but not limited to pledge loans and pledge financing. At the request of the holder of time deposit certificates, the issuer shall issue time deposit certificates through its own channels such as its business outlets and electronic banks; Shanghai Clearing House shall issue a certificate of holding a large deposit certificate issued through a third-party platform.
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