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What does interbank deposit certificate mean?
Interbank deposit certificates are business between banks, and friends of bank bills often deal with banks, so today we will talk about interbank deposit certificates and the differences between interbank deposit certificates and interbank deposit certificates.

What is an interbank deposit certificate?

Interbank deposit certificates are book-entry time deposit certificates issued by deposit-taking financial institutions in the national interbank market, and their investment and trading subjects are members of the national interbank lending market, fund management companies and fund products. Deposit-taking financial institutions can determine the issuance amount and duration of each interbank deposit certificate by themselves within the filing quota of the current year, but the single issuance amount shall not be less than 50 million yuan.

The difference between interbank deposits and interbank certificates of deposit

1. Interbank certificates of deposit are book-entry time deposit certificates issued by deposit-taking financial institutions in China's banking market. It is a substitute for interbank deposits, which better improves the short-term, medium-term and long-term interest rate performance of China's interbank lending market. The emergence of interbank deposit certificates and interbank deposits can better promote the market-oriented reform of deposit interest rates in China.

2. Interbank deposits can be divided into domestic interbank deposits and foreign interbank deposits. Domestic interbank deposits refer to deposit accounts opened by domestic banks and other financial institutions at their respective settlement locations for the convenience of settlement, which are aimed at banks and financial institutions that accept deposits. Foreign interbank deposits refer to foreign exchange banks in various countries. In order to facilitate the receipt and payment of international business, a deposit account in a certain currency is opened at the settlement place for the use of banks and financial institutions that accept deposits.

Interbank deposit rate

The issue interest rate and issue price of interbank deposit certificates are determined in a market-oriented manner. Among them, the term of interbank deposit certificates does not exceed 65,438+0 years, which are 65,438+0 months, 3 months, 6 months, 9 months and 65,438+0 years respectively, and interest can be calculated at a fixed interest rate or a floating interest rate with reference to the Shanghai Interbank Offered Rate in the same period.