A wise choice for a successful business
Through this product, we provide funds to our institutional customers by purchasing specific notes issued by them at a discount.
Eligible Customers | Corporations |
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Trading Price | Face value – discount (face value × annual rate × no. of days / 365) |
Eligible Notes |
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Maturity | Up to 180 days |
Upon the request of note holders, a bank purchases notes at a price of face value minus the total interest by maturity so as to promote the distribution of notes.