Corporate Deposit In Local Currency
1. “Win-to-Fortune” structured deposits
The “Win-to-Fortune” structured deposit of Bank of Communications refers to that of embedded financial derivatives absorbed by the BoCom. It is a product linked to fluctuations in interest rates, exchange rates, indices, etc., or to the credit situation of an entity, so that depositors can obtain corresponding earnings.
“Win-to-fortune” structured deposits are bank deposit products, which are included in the deposit reserve and deposit insurance premiums to ensure the security of the principal. It covers demand structured deposits and time structured deposits.
The demand products are purchased and withdrawn on a T+0 basis, with strong liquidity and high yield. Flexible interest-bearing products that can be transferred to accounts in a real-time manner are also provided to meet the enterprises’ demand to maintain or add value to payment and settlement funds.
The time products have maturities from 2 weeks, 3 weeks, 1 month, 2 months, 3 months, 4 months, 6 months, 7 months, 9 months to 1 year. The rolling release ensures the omni-channel sales on the counter or online and meets the enterprises’ demand to add value for idle funds in various periods.
2. Corporate Certificate of Deposit (Corporate CD)
The BoCom Corporate CD is a book-entry large-value deposit certificate issued in RMB for non-financial institution investors (excluding individuals). It is a bank deposit product with high safety, strong liquidity and good returns.
There are 9 kinds of maturities for the Corporate CD from 1 month, 3 months, 6 months, 9 months, 1 year, 18 months, 2 years, 3 years to 5 years. The minimum amount of a single Corporate CD shall be RMB 10 million. The Corporate CD product supports multiple partial advance withdrawal and is automatically redeemed at maturity. It can be purchased at the Bank of Communications offices and/or via e-banking channels.