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Direct Deposit Jumbo CDs › Overview › Bank Documents
Direct Deposit Jumbo CDs: Overview
FNC’s complete transaction service includes CD pricing assistance, full account set up information, and follow-up on all funding wires. With over twenty years experience in this market, FNC provides a single point of contact for all depositors and has the operational infrastructure needed to efficiently handle all processing and call volume.
Delivery |
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Original CDs or safekeeping receipt provided by the issuer to the investor or custodian.
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Denominations |
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Increments of $95,000 to $100,000
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Distribution |
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CDs will be offered by our internal sales force to our network of over 5000 established Jumbo CD investors.
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Pricing |
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Rates are negotiated daily
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Issue Date |
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On same day or next day basis
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Interest Payments |
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Interest is calculated on an actual/365 basis.
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Payment of interest can be monthly, semi-annually, quarterly or at maturity. |
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Interest can be paid on a calendar or anniversary basis. |
Instrument |
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Non-negotiable certificate of deposit registered to the nominal holder or third party custodian.
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Fees |
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Negotiated on pricing day and reflected in all-in-costs. |
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