I. Short-term national debt
Short-term national debt is a short-term bond issued by the government to meet the temporary capital demand generated by paying first and receiving later. Short-term national debt is called national debt in Britain and America, and Britain is the first country to issue short-term national debt.
1. Types of short-term treasury bonds:
(1) According to the time limit, there are 3 months, 6 months, 9 months, 12 months.
(2) According to the interest payment method, it can be divided into discounted treasury bonds and interest-bearing treasury bonds, and short-term treasury bonds are mostly discounted treasury bonds.
Two. Large negotiable certificates of deposit
Large negotiable certificate of deposit, also known as large negotiable certificate of deposit, is a time deposit certificate issued by banks. The voucher is printed with a certain face value, deposit, maturity date and interest rate. After maturity, you can withdraw all principal and interest according to the par value and the specified interest rate. Overdue deposits do not bear interest, and large negotiable certificates of deposit can be freely circulated and transferred.
Third, commercial paper.
Commercial paper refers to a negotiable debt instrument with a maturity of 2 to 270 days issued by the issuer to meet the liquidity demand. Generally speaking, it refers to the securities issued by the drawer in business, unconditionally agreeing to pay a certain amount by himself or asking others, and the holder enjoys certain rights.
1. Type of commercial paper:
(1) Short-term bills are short-term credit instruments in the money market. The shortest period is 30 days and the longest is 270 days.
(2) Only one person needs to sign a single bill when it is issued.
(3) issuing short-term liquidity financing bonds.
(4) Large bills with an integer denomination are mostly calculated in multiples of 654.38+ 10,000 yuan.
(5) Unsecured bills do not need collateral and guarantor, but only rely on corporate credit guarantee.
(6) Selling market bills to unspecified public.
(7) The bills of large companies can only be issued by large companies with sound finance and outstanding credit.
(8) Discounted bills are issued in the form of discount, that is, interest is deducted at the time of issuance.
Four. Bank's Acceptance Bill
A bank acceptance bill is a bill in which a depositor opens a deposit account in an accepting bank, applies to the opening bank and is accepted by the opening bank, and guarantees to unconditionally pay a certain amount to the payee or holder on a specified date. Accepting a commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit standing.
Verb (abbreviation of verb) repurchase agreement
Repurchase agreement refers to an effective short-term financing with securities as collateral, which is manifested in the form of conditional securities trading.