ECM Libra Financial Group

Negotiable Instrument of Deposits

Negotiable Instrument of Deposits ("NID") is an instrument issued by the Bank certifying that a certain sum in Ringgit Malaysia (RM) has been deposited for a certain tenure at a specified rate of interest (coupon rate may be fixed, floating or zero). NID is negotiable, which basically means that it can be sold in the money market before its maturity date if the need for funds arises.

Some features of NID:

NID can be issued with a minimum maturity of 1 month from the date of issue. The tenure may also be for odd number of days e.g. 118 days

The nominal amount for NID must be more than RM60,000

NID rate is generally determined by interbank rates

Negotiable Instruments of Deposit Interest Rates

Deposit Interest Rates*	1mth	2mth	3mth	6mth	9mth	12mth

Corporate NID	3.05%	3.10%	3.15%	3.25%	3.30%	3.50%

Retail Vanilla NID	3.05%	3.10%	3.15%	3.25%	3.30%	3.50%

*Rates are subject to change without prior notice

Last update: 30 January 2012