OCBC offers you money market instruments in conducting your business in the higly competitive banking enviroment.
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Repurchase Agreements
A Repurchase Agreement is an agreement under which the seller of securities undertakes to repurchase the securities from a buyer at an agreed price on a specified future date.
OCBC Bank offers you both Islamic and Conventional Repos which accommodates your depositary requirements from tenures of overnight and above.
Negotiable Instruments of Deposits (NIDs)
A depository product, Negotiable Instruments of Deposits are certificates issued by the Bank specifying that a certain amount has been deposited with the Bank at a specified rate for a specific tenure. As the name indicates, NIDs are negotiable and can be sold before the maturity date. The minimum and maximum tenors are 1 month and 10 years, respectively. Minimum denomination is RM100,000 with the multiple of RM50,000.
Short-Term NIDs
Long-Term NIDs
Zero-Coupon NIDs
Floating Rate NIDs
Bankers Acceptances (BAs) Outright Sale
A Bankers Acceptance is a bill of exchange drawn on a bank with a specific maturity date to finance a customer for a trade transaction. Subsequently, BAs can function as an investment instrument for your surplus funds where the amount and tenure of investment is subject to the availability of BA papers.
