Certificates of deposits (CDs)

CD are short term deposit instruments issued by banks and Financial Institutions to rise large sum of money. CDS issued in the form of issuance promissory notes. They are negotiable and are in marketable form bearing specific face value and maturity. CDs are Transferable from one party to another due to their negotiable nature. They are also known as negotiable certificate of deposits.
 Issuers
Issuers of CDs are commercial bank,Financial institutions  etc;
Subscribers (or) Investors:-
Individuals, Trusts, associations & NRI's