The Repo Rate applicable to borrowing short-term liquidity from CBUAE against Certificates of Deposits
has also been increased by 25 basis points to 1.
Certificates of deposit
are considered a mean of double-entry of the shares of companies with more than one stock exchange.
Certificates of Deposit
are fully Shari'a compliant and profits incurred will be distributed to customers every quarter.
Broadly defined liquidity includes postal savings, deposits at farm and fishery cooperatives, loan and money trusts, investment trusts, bank debentures, Japanese and foreign government bonds, and M2 plus certificates of deposit
The debtor had secured its obligation to its lender by pledging certificates of deposit
issued by various banks.
The balance of M2 plus certificates of deposit
held principally by corporations, individuals and local governments is considered to be the key money supply gauge, showing the closest correlation to changes in economic activity.
The Singapore-based bank said that it might issue certificates of deposit
from time to time under the programme.
Broadly defined liquidity includes postal savings, deposits at farm and fishery cooperatives, loan and money trusts, bank debentures, and Japanese and foreign government bonds, as well as M2 plus certificates of deposit
The extremely risk-averse can consider government-backed investments such as savings bonds, treasuries and municipal bonds, or certificates of deposit
, money market deposit accounts, credit union accounts and fixed annuities.
The comments, which took the form of a letter from TEI President Bob Perlman to Minister of Finance Donald Mazankowski and Minister, Revenue Canada Otto Jelinek, urged the Canadian government to adopt a mechanism similar to that in place in the United Kingdom and issue Tax Certificates of Deposit
analogous to those issued by Inland Revenue.
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