Money Market Deposits
Cash transactions made with deposit money banks either secure or non secure
Product Description
- –Â Â Cash transactions made with deposit money banks either secure or non secure
- –Â Â Overnight Deposits
- –Â Â Call Deposits (ordinary call or 7 day call)
- –Â Â Certificate of Deposits
- –Â Â Fixed/Time/Tenured Deposits (Usually 30,60,90,180 days, occasionally 1 year)
Product Features
- –Â Â Transaction depends on limit for counter parties
- –Â Â Can be secured or unsecured
- –Â Â Can be Open Buy Back or Fixed Buy Back
- –Â Â Simultaneous transfer of funds and securities by both counterparties
- –Â Â Face value of underlying security same as nominal value of loan amount
Your Benefits
- –Â Â Opportunity to earn increased yield on short term investment
- –Â Â Creates liquidity to meet short term obligations
- –Â Â Safer as an investment when secured since investor receives collateral

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

If you need assistance or have questions, we are always here to help.
