With the development of marketization of deposit interest rate, in order to expand the range of market-oriented pricing of debt products and improve the formation mechanism of market-oriented interest rate, it is also conducive to further exercise the independent pricing ability of financial institutions, cultivate the market-oriented pricing concept for retail market participants such as enterprises and individuals, so as to carry out beneficial exploration and accumulate valuable experience to further promote the marketization of deposit interest rate. At the same time, it is also of positive social significance to reduce the cost of social financing by gradually replacing high interest rate debt products such as financial management of standardized and market-oriented certificates of deposit. In view of this, the people's Bank of China decided to launch the large value certificate of deposit products on June 15, 2015, and formulated the Interim Measures for the management of large amount certificates of deposit. Large amount deposit receipt is a kind of general deposit. It is a kind of general deposit. It can be purchased in branches, e-banking, third-party platform and other channels approved by the people's Bank of China. The interest is calculated from the date of subscription. The interest payment methods include one-time principal repayment and fixed-term interest payment. Different from ordinary certificates of deposit, large certificates of deposit can be transferred before maturity, with a term of no less than 7 days, high investment threshold and an integer amount. As a general deposit, certificates of deposit have higher interest rates than time deposits of the same period. Most of them are 40% higher than the benchmark interest rate, and a few banks are 45% higher. However, the maximum rate of time deposits is only about 30%. Customers who purchase certificates of deposit can sell them in the market at any time. In this way, customers can obtain interest income calculated at long-term deposit interest rate with actual short-term deposits. Certificates of deposit of large amount can be used to handle pledge business, including but not limited to pledge loans, pledge financing, etc. In accounting, separate subjects are set up for management accounting, and statistical indicators are set up separately for reflection.
