certificate of deposit - is a security of the bank, which is a confirmation of the rights of the depositor to receive a certain amount of money and interest on the expiry of the security.The validity of the certificate of deposit is usually from a few weeks to several years.As a rule, put out a certificate of deposit at any time, but then the interest thereon accrued interest calculation scheme of demand deposits.This type of certificate are entitled to purchase only legal entities and private entrepreneurs, so they purchased only by wire transfer.
deposit certificate serves as a great tool for investment funds of legal entities.All the banks set a minimum amount of the deposit certificate, which is available not only large enterprises but also small businesses.Interest rates on these securities very attractive, cashing occurs quickly and without difficulty, so often purchased certificates of deposit for legal entities for settlements.
Like most of the securities, certificates of deposit can be used for settlements or as collateral for the loan.Making cession confirmed on the reverse side of the certificate.The most common transactions for the purchase and sale of certificates are made at the same bank where they were issued.Sometimes the use of the restricted certificates, and if these securities are held in the bank.Less certificate with the restriction that its owner can not assign anyone the right to own security, but a plus is the large percentage of this certificate of deposit.
In large Russian banks are usually not a problem to buy a certificate of deposit.If you buy the Savings Bank certificates of deposit, you are also given certificates of buying it, that if lost will receive the original copy of the security.Certificates Sberbank usually term (duration - one year) and registered, ie bearer certificates of deposit, although a claim can be transmitted.
Savings Bank certificate of deposit is a document on demand, if the deadline for receipt of the deposit, that is, the owner receives a sum of money on the day when she would need.Certificates of deposit Savings Bank can not make payments for goods or services, but the bank may take such security as collateral for a loan owner of certificate of deposit.Sberbank has such a security as a savings certificate is a floating interest rate and the nominal value of 1, 10, 50 thousand.The peculiarity of this certificate is that it is sold to individuals and a certificate in bearer form.
Other commercial banks also issue certificates of deposit, but their main drawback is that the state does not guarantee the safety of their deposits.However, they use deposit insurance and keep obligatory reserves with the Central Bank of Russia to increase the guarantee of depositors.In addition, the central bank is responsible for the procedure for the formation of insurance funds of banks, which are mandatory.They can be used to cover the financial risks of these banks, deposit insurance, compensation for potential losses of clients.In addition, the law has a clause that allows the use of Central Bank of Russia kept his reserves as collateral for government debt, which is proof of a new level of relations in the Russian Savings business.
