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Overnight Deposits | Term Deposits | Foreign Exchange (Forex) | Local Currency Spot & Forward
Derivatives
A deposit held at a financial institution that has a fixed term. These are generally short-term with maturities ranging anywhere from a month to a year. When a term deposit is account are opened, the lender/borrower understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice.
Inter-bank term deposits are considered as relatively safe investment and these are especially very appealing to conservative, low-risk investors who are expecting a adverse interest rate movement.
CBL has a strong presence in the inter-bank term deposits and Mudaraba Term deposits market. Due to our presence in both conventional banking and Shraiah banking CBL is one of the liquidity provider in the inter-bank Term deposit market.
Benefits
Due to its nature of fixed term, it minimizes interest rate risk during the tenor of the deposit.
Helps to manage Balance Sheet Gap.
Reduce too much dependency on call market thus helps to manage regulatory liquidity requirement.
Depending on the forward yield curve can be used to maximize returns on investment.
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