Betekenis van:
time deposit account
time deposit account
Zelfstandig naamwoord
- a savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest
Synoniemen
Hyperoniemen
Voorbeeldzinnen
- At the time when the deposit is placed, the total return to the household from the pension savings account is not known and may also be negative.
- Where necessary to meet settlement deadlines, counterparties may be able to pre-deposit assets with correspondent central banks for the account of their home central bank using the CCBM procedures. In a pooling system, the counterparty is able at any time to provide the correspondent central bank with marketable assets for the account of the home central bank.
- Furthermore, savings were overrepresented, whereas BGB was underrepresented compared with its market penetration when it came to more sophisticated forms of investment such as time deposits, savings bonds, security deposit accounts and other complex products, such as insurance, on account of its overwhelmingly low‐income customers.
- Furthermore, the counterparty must ensure that the collateral for securing monetary policy operations is delivered to the account of the correspondent central bank by 4.45 p.m. ECB time (CET) at the latest. Instructions or deliveries not respecting this deadline will only be considered for credit given on the following business day. When the counterparties foresee a need to use the CCBM late in the day, they should, where possible, deliver the assets in advance (i.e. pre-deposit them). In exceptional circumstances or when required for monetary policy purposes, the ECB may decide to extend the closing time of the CCBM until the closing time of TARGET.