Certificate of Deposit

The Branch issues fixed-term Certificates of Deposits (CDs) in USD, HKD, SGD, CNH, and other currencies. These include Fixed-Rate CDs, Floating-Rate CDs and Discounted CDs.

Fixed-Rate CDs will bear fixed-rate interest payable from the starting date of the CD or another specified date on the CD, in arrears.

Floating-Rate CDs will bear floating interest based on market interest rates that are adjusted every one, two, three or six months (Basis points on top of LIBOR for USD CDs and on top of SIBOR or SOR for SGD CDs; the base rates will be based on a quotation service that is agreed on between the bank and the client).

Discounted CDs may be issued at their principal amount (interest-bearing) or at a discount (non-interest-bearing).

Minimum size:

USD10 million for USD-denominated CDs

SGD10 million for SGD-denominated CDs

HKD250 million for HKD-denominated CDs

CNH 250 million for CNH-denominated CDs