(redirected from negotiable certificate of deposit)
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In a disclosure to the Philippine Stock Exchange on Friday, East West said its board had approved the issuance of up to P10 billion long term negotiable certificate of deposit (LTNCD).
He continued: "We've already made in-roads into Asia Pacific with our established, dedicated FGB Singapore branch and the conclusion of a Negotiable Certificate of Deposit (NCD) programme which allows the bank to raise funds across a diversified base when required and to reach out to a wider range of institutional investors.
Examples are government securities, corporate bonds and Long Term Negotiable Certificate of Deposit (LTNCD).