Negotiable certificate of deposit or NCDA is a short term, low risk, transferable discount security issued by a bank or ADI. If the issuer has a credit rating they may apply to the Reserve Bank of Australia to have the securities included in their ‘Repo Eligible’ list.

« Back to Glossary Index
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *