Euro Certificate of Deposit
- Euro Certificate of Deposit
( 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
Financial and business terms.
2012.
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