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#424992 - 09/19/05 09:03 PM Callable CDs
Titanic Offline
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Titanic
Joined: Feb 2005
Posts: 300
My Workplace
We are in the process of offering callable CDs.
Is anyone familiar with this product and the regulations that need to be considered?

How about policy and procedures, contracts, guidelines...

Any help will be much appraciated.

you can PM or
email me at gdrizzle@sbcglobal.net
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[b]"Common sense is not so common." Voltaire~[u]

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General Discussion
#424993 - 09/19/05 10:01 PM Re: Callable CDs
Andy_Z Offline
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Andy_Z
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On the Net
Can you define the product parameters?
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#424994 - 09/19/05 10:22 PM Re: Callable CDs
Titanic Offline
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Titanic
Joined: Feb 2005
Posts: 300
My Workplace
Here are more details...
let me paint a scenario for arguments sake...

We will issue a 5M CD at libor rate w/ 20 year maturity but with the option "call" feature of 1 year or 2 years thereafter, this CD will be issued to a Deposit Broker company or Bank which in turn will offer it to their clientele.

I hope this makes sense, I'm researching and trying to collect as much info as possible.
_________________________
[b]"Common sense is not so common." Voltaire~[u]

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