Sanlam Liquid

alf101 said:
Negotiable Certificates of Deposit


Negotiable Certificates of Deposit (NCD’s) are issued for the purpose of attracting deposits. They offer the same security as term deposits but the investment rate, as well as the term, is negotiable, thus enhancing their attractiveness to depositors. The issuer undertakes to pay the amount of the deposit plus the interest to the holder on the maturity date, which could range from 3 months to 5 years. On maturity or longer than a year interest is paid as coupons, semi-annual in arrears. NCD’s offer the same security as term deposits but are negotiable at the ruling market rate. As such it can be structured to accommodate the customer’s cash flow requirements and also allows for budgeting. NCD’s can also be resold into the secondary market.
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Careful now Alf - thunder does not come cheap these days. Ye shall feel the full wrath of financial guru aficionado if this attitude persists...
 
All very complicated.

Since everyone falsely accused me of looking for a sugardaddy, maybe I should just get one. Easier than figuring this out !
 
Heita_Hola said:
I thought you said Sunlight liquid for a second there!
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She didn't!? And I just invested a couple hundred K in Sunlight Liquid, dammit.

blunomore said:
Since everyone falsely accused me of looking for a sugardaddy, maybe I should just get one. Easier than figuring this out !
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What a coincidence, I happen to be in the market for just that, PM me a pic? :D (just kidding ..)
 
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