An interest bearing, time-obligated debt instrument issued by a non-U.S. bank. To compensate for their lower liquidity and increase their attractiveness to investors, Euro CDs typically earn a higher yield than CDs issued by U.S. banks.
Related information about Euro certificate of deposit (EURO CD):
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Euro Certificate of Deposit (Euro CD's). Negotiable, maturity of 30 days or more, fixed rate, fixed term, issued by the bank or through dealers. Active secondary ...