Money Market Deposits

Cash transactions made with deposit money banks either secure or non secure

Product Description

  • –   Cash transactions made with deposit money banks either secure or non secure
  • –   Overnight Deposits
  • –   Call Deposits (ordinary call or 7 day call)
  • –   Certificate of Deposits
  • –   Fixed/Time/Tenured Deposits (Usually 30,60,90,180 days, occasionally 1 year)

Product Features

  • –   Transaction depends on limit for counter parties
  • –   Can be secured or unsecured
  • –   Can be Open Buy Back or Fixed Buy Back
  • –   Simultaneous transfer of funds and securities by both counterparties
  • –   Face value of underlying security same as nominal value of loan amount

Your Benefits

  • –   Opportunity to earn increased yield on short term investment
  • –   Creates liquidity to meet short term obligations
  • –   Safer as an investment when secured since investor receives collateral

The Requirements

  • –   Letter expressing desire to invest in MMD and authority to debit account thereafter
  • –   Filled KYC form
  • –  Duly signed investment contract confirmation letter showing issuers name.
  • –   New Clients
  • –   Account opening form with passport attached and means of identification
  • –   Cheque or lodgment slip
  • –   Filled KYC form
  • –  Duly signed investment contract confirmation letter showing issuers name
  • –   You initiate request and comply with requirements above
  • –   Account officer verifies documents and forwards to treasury
  • –   Treasury raises deal slip and forwards to Trops
  • –   Customers account is debited in line with deal slip instructions
  • –   Contract certificates are generated

Need Help?

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