Certificate of Deposit (CD) & Commercial Paper (CP)
The AFS CD/CP Desk provides a full service in Certificates of Deposit and Commercial Paper.
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Theory CD/CP
A Certificate of Deposit (CD) is a negotiable coupon issued by a bank. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks. Maturities range from one month to five years.
Click here for more information on CDs (Wikipedia).
A commercial paper (CP) is an unsecured, short-term debt instrument issued in general by corporations and banks.Maturities on commercial paper rarely range any longer than a year. The debt is usually issued at a discount, reflecting prevailing market interest rates.
Click here for more information on CPs (Wikipedia).
Contact us
For more information on the products and services of the CD/CP desk, please contact:
Anton Kuin
T: +31(0)20 5220237
a.kuin@afsgroup.nl
Alex van Dijck
T: +31(0)20 5220235
a.vandijck@afsgroup.nl
