EURO CERTIFICATE OF DEPOSIT

Euro Certificate of Deposit: translation

( ECD) Euroclear Clearing and Settlement glossary

The certificate is evidence of a deposit made with a bank, which will be redeemed on the maturity date with interest. The difference between a certificate of deposit and a normal deposit with a bank is that a certificate of deposit is an instrument which can be sold on in the money markets to other investors. Euroclear Clearing and Settlement glossary