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Deposit in Other Financial Institutions

Product Profile

CMB reaches agreement with other banking institutions that CMB opens deposit account in them and deposits funds with certain term into the account. In such a way, CMB provides funding facility to financial institutions clients. The specific deposit term is determined according to the two parties’ agreement, but normally within one year.

 

Product Advantages

ü      The term is longer than that of interbank lending.

ü          High service efficiency.

 

Service Flow

(1)   FI customers and CMB agree on the amount, term and interest rate etc. of the deposit.

(2)   CMB opens account in the FI customer.

(3)   CMB deposits funds in the account to complete the transaction.

  
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   Regional Commercial Bank

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